Copper price crawled back after tanking to $2.3845 on Friday after China unveiled a new bill on Hong Ko ng security. The price is now trading at $2.435, which is a few points below the Thursday high of $2.4685.
Copper price rose by more than 2 per cent today as the market refocused on the reopening of most economies. Other metals like silver, gold, and palladium also rose. The same was true for other commodities like crude oil and soybeans.
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Copper price declined slightly as economic data from around the world pointed to a deeper recession than most analysts anticipated.
Copper prices are linked to China. How can you trade copper with the coronavirus pandemic in China? Find out here.