Weak US dollar leads copper markets higher


Copper rallies: An aerial view of the Los Bronces copper mine at Los Andes Mountain range, near Santiago, Chile. Copper, widely used in construction, has rallied 14 since Trump won the US election on Nov 8. – Reuters

SYDNEY: Copper crept higher as the dollar struggled amid concerns of US protectionism under the newly-formed administration of President Donald Trump.

Three-month copper on the London Metal Exchange was up by 0.5% to US$5,826.00 a tonne by 0700 GMT.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Global , metals , Trump

Next In Business News

Stocks slide, dollar struggles as Trump's Greenland gambit rattles markets
US yields rise to multi-month highs on Trump's tariff threats
OMS Group inks deal with Ulstein for two next-generation cable-laying vessels
Ringgit firmer vs greenback on rising US-EU tensions
FBM KLCI retreats to 1,700 support as profit-taking accelerates
Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank
Cypark aims for stronger recurring income stream
Iran’s real oil risk is labour strikes, not bombs
Coconuts might be IOI Corp’s next cash crop
Genting Plantations earnings to face setback

Others Also Read