03.11.2015 - Copper Prices Tread Water
Copper prices were treading water at the start of the week, as investors weighed up mixed Chinese economic data. Three-month copper on the London Metal Exchange was barely changed at $5,113 a metric ton in midmorning European trade. Other base metals were mixed on Monday. The Caixin China manufacturing purchasing managers index, a gauge of nationwide manufacturing activity, rose to 48.3 in October from 47.2 in September. Still, a reading below 50 indicates contraction and the index has stayed below this level for eight consecutive months. The official gauge of China’s factory activity, released Sunday, was unchanged at 49.8 in October...............................................Full Article: Source
Print