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Print[Ferro-Alloys.com] London Metal Exchange copper price was up in early Asian trading on Thursday August 1, on China’s improved factory activity and indications that the US Federal Reserve’s stimulus will stay for now.
At 02:54 London time, three-month copper stood at $6,932.25 per tonne, up $42 from its opening price. China’s official purchasing managers’ index, a gauge of manufacturing activity in the country, rose to 50.3 in July from 50.1 in June, the National Bureau of Statistics said on Thursday. The figure was higher than the market expectation of 49.9.
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