The price of buyer shaves a lot and takes up the profits for the fourth week in succession

The price of buyer is moving to the achievement of profits for the fourth week, thanks to positive economic data from the two largest economies in the world that have strengthened expectations on demand. The price of the metal rose near the highest level in a month on Friday, and other goods traded on the London Metal Stock Exchange recorded similar profits. Copper trade, the metal, which is an indication of the performance of the economy, within a relatively narrow series this month, but it received support from the fall of the dollar. The recovery of the US economy supports this week’s demand that the US economy has grown faster than preliminary estimates, driven by the recovery of commercial investments and the increase in the contribution of the trade sector. The numbers also emphasized the power of consumer spending. In China, the profits of industrial companies dropped at a slower rate during July compared to the previous month, in an indication that efforts to combat the surplus production capacity began to reduce the pressure of the intensity of competition between producers. This can contribute to the support of the consumption of industrial minerals. Also read: The profits of the industrial sector in China are still declining in July. Buyer is one of several main minerals, along with aluminum and nickel, which rose about 2% during August. Other minerals, including bullets and zinc, also recorded minor profits. The expectations of the high prices of minerals soon, “Bloomberg Intelligence” analysts wrote in a research note on Friday that the prices of minerals, including copper and aluminum, “rise more in the short term as the justifications for betting remain strong.” They added that the dollar fluctuations recently against the group of twenty currencies “are unlikely to change the negative periodic image of the US currency” during the second half of the year. The price of buyer rose 0.3% to 9849 dollars per tonne on the London Metal Stock Exchange at 10:48 am in Singapore, on the way to weekly profits by 0.5%. Aluminum price also rose 0.3%, and zinc recorded a slight increase.