KONTAN.CO.ID - LONDON. Copper prices rose on Monday, supported by a weaker dollar and hopes for stronger demand in China on the back of promised economic stimulus from the government. The Chinese government said it would step up measures to stabilise its economy and the central bank is expected to ease monetary policy before long. But for now, demand remains weak and the country is gripped by a rise in COVID-19 infections that some fear could kill more than 1.5 million in coming months.
Copper Rises as China Pledges Economic Support
KONTAN.CO.ID - LONDON. Copper prices rose on Monday, supported by a weaker dollar and hopes for stronger demand in China on the back of promised economic stimulus from the government. The Chinese government said it would step up measures to stabilise its economy and the central bank is expected to ease monetary policy before long. But for now, demand remains weak and the country is gripped by a rise in COVID-19 infections that some fear could kill more than 1.5 million in coming months.