| Copper rose on Thursday on hopes for further production cuts from miners, but a rebound in the dollar kept a lid on gains. Benchmark copper on the London Metal Exchange closed 0.2 percent higher at $5,308 a tonne, after climbing near a four-week high earlier in the session.
Prices were supported by expectations for a tightening of the market as several mining groups consider output cuts in the face of slowing demand growth in China, which accounts for nearly half of global copper consumption. "The supply side is finally responding and drawing back a little bit, and hopefully that will stimulate prices," said Asa Bridle, mining analyst at Cantor Fitzgerald...............................................Full Article: Source
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