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Copper prices rose for the first time in five sessions on Tuesday, buoyed by the efforts of China to stabilize its markets as well as a weaker dollar and a drop in LME inventories.
The market was supported by a slew of signals that Chinese authorities are strengthening their resolve to support slumping markets, helping battered Chinese shares to chalk up their largest one-day gain in two years. Meanwhile, copper inventories in LME-registered warehouses slipped further to five-month lows, daily data showed.
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