Copper lifted by hopes over China lifting COVID controls


Source: brecorder.com brecorder.com

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Comments LONDON: Copper prices ticked higher on Thursday as the prospect of lockdowns being lifted in top metals consumer China buoyed sentiment despite worries about weaker global growth. Benchmark three-month copper on the London Metal Exchange (LME) added 0.2% to $9,257 a tonne by 0930 GMT after dropping 1.4% in the previous session. More Shanghai residents were given the freedom to go out to shop for groceries for the first time in nearly two months on Thursday as authorities set out further plans for exiting the city-wide COVID-19 lockdown. Stock markets slumped on Thursday on concern about an economic downturn,...