Copper prices closed out a second consecutive month of gains on Friday, driven in part by hopes for a recovery and further fiscal and monetary stimulus from China, its number one consumer.
BofA metals analysts said that while demand had collapsed due to the coronavirus pandemic, a rebound of activity in China was a positive sign for copper.
"Declines in purchases to that tune would be devastating for the red metal and also the wider mined commodities complex."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The World Bank lands Carmen Reinhart as chief economistHer tenure is unlikely to be much quieter than her predecessors’. The hope is that it is a little longer
Read more »
Embraer negotiating $600 million bank financing for exportsBrazilian planemaker Embraer SA , the world's third largest commercial jet builder, should obtain $600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Read more »
‘My daughter’s bank said she received three additional $1,200 stimulus payments.’ How does she return them?‘I thought I’d heard all of the bizarre stories about stimulus checks, but your letter proved me wrong.’
Read more »
In 2015, this millennial had a negative bank balance—now she earns $145,000 a year and just bought her first homeIn 2015, Andrea Contreras was getting sober and had negative balances in all of her bank accounts. Today, she's the top salesperson at her company, helps support her family and bought her first home in Austin, Texas.
Read more »
Stock market live updates: First trading day of June, Dow set to rise, third straight up month?A conversation about the latest market-moving news.
Read more »
The e-commerce boom makes warehouses hot propertyIn America logistics hubs are rising from the rubble of dead shopping malls
Read more »