Copper Futures Rose 0.2 Percent

Copper futures rose 0.2 percent in New York and closed just higher in London. Aside from the weak dollar, the metal was supported by a crippling mine protest in Chile that has that has more than halved output from the El Teniente, the world's fifth largest copper mine owned by Codelco.

Codelco CEO Diego Hernandez told Reuters on the sidelines of an industry conference in New York on Tuesday that he expected the protests to be resolved as soon as this week.

U.S. copper futures' most-active contract, July HGN1, finished up 0.75 cent at $4.1480 per lb, after trading between $4.1320 and $4.1480.

Later in the week, investors will be focusing on Chinesetrade figures, due on Thursday. Analysts expected a small increase in refined imports from April when they fell 16.6 percent on the month to 160,236 tonnes.

Our basic needs are: Air, Water and Food. Our Additional needs are: Aluminum, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc. Email, Equity, Share Market, BSE, NSE

Recent Articles By Arya : -

Gold Traders Has Been Quite Restrained Aadhaar Card Retail Sales in The Euro Zone Increased 0.9 Percent Warehouse Stocks LME Volumes