| Copper gained for a second day, leading industrial metals higher, as Pan Pacific Copper Co. Ltd., Japan’s biggest producer of the metal, said supply will fall short of demand in 2017. Metals also rose as the dollar weakened after a report last week showed U.S. payrolls grew less than economists forecast, tempering speculation that the Federal Reserve will raise interest rates this year.
Glencore Plc’s Chief Executive Officer Ivan Glasenberg said at a briefing in London that copper prices will eventually be affected by mining companies cutting back production. Copper for delivery in three months gained as much as 1.8 percent to $5,193 a metric ton on the London Metal Exchange and traded at $5,155 by 11:51 a.m...............................................Full Article: Source
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