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London Metal Exchange (LME) copper futures rose 0.
06% to $4,667 a tonne, not far from
a two-week high of $4,688.
50 a tonne hit on Wednesday, since Aug.
24.
London copper has risen about 0.
8%
this week.
London copper futures held near just below a two-week high on Thursday, helped by lower inventories and a falling dollar, but gains were limited
by lower copper imports from China in August.
London copper futures continued to move higher on Friday, on track for a second straight week of weekly gains, supported by the end of the northern hemisphere summer season and end-user return to the market, while a weak US dollar also supported copper prices
.
Industry information: Peru's copper production in July this year was 201867 tons, an increase of 29.
97%
year-on-year.
Stockpiles: LME copper stocks were 338225 tonnes as of Sept.
8, down 1,375 tonnes from yesterday and falling for the first time in days, still well above the year's average of 197,000 tonnes and close to the high since September 22 last year (330,100 tonnes).
London Metal Exchange (LME) copper inventories fell for the first time in three weeks, signaling a recovery in demand after a slowdown in the summer months
.
LME copper stocks fell by 1,375 tonnes to 339,600 tonnes, but remained near
their highest levels in nearly a year, the latest data showed.
At 16:00 London time on September 8 (00:00 Beijing time on September 9), three-month LME copper closed up 0.
3% at $4,664 a tonne, hitting a two-week high of $
4,688.
50 during the session.
