Copper Holds Gains as Rally Stalls Ahead of China Holiday Period [Yahoo! Finance Canada]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance Canada
The industrial metals were steady following gains in the previous two sessions, when a slump in the dollar offset softening demand in China, the world's largest metal consumer. Most Read from Bloomberg Copper had been rising with industrial and precious metals as investors piled into commodities amid doubts over the US dollar and a shift away from currencies and sovereign bonds. The rally saw a further boost in January, thanks to a wave of buying from Chinese investors that are now easing off as the Lunar New Year holiday approaches. Copper was down 0.2% at $13,152.50 a ton on the London Metal Exchange as of 10:55 a.m. in Shanghai. Prices hit a record high of $14,527.50 on Jan. 29. Aluminum was down 0.3% to $3,115 a ton. Most Read from Bloomberg Businessweek ©2026 Bloomberg L.P. Recommended Stories
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