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Metal Tiger Plc

Copper secures fourth consecutive weekly rise

Copper futures’ prices rose on Friday and had coffered their fourth consecutive weekly percentage gain as a significant scale of decline in inventories has been pointing towards a turnaround in demands, while traders across the globe were expecting a copper-buying spree in a near-term outlook, in particular from Chinese merchants, followed by the reveal of a comparatively stable industrial sector PMI (Purchasing Managers’ Index) last month.

Aside from that, on Friday, the copper futures’ prices in the London Metal Exchange had received another boost by the high-tides in the global stocks and crude oil futures’ prices following a slanderous slump on Thursday, almost entirely prompted by the US Federal Reserve’s dour economic projections.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.