The price of copper is near the highest level in a month, supported by the expenses of reducing interest

Copper traded at the London Metal Stock Exchange near its highest level in five weeks, after industrial goods received support from expectations to lower US interest rates. The metal rose by 0.1% to $ 9890 per ton at 2:32 o’clock. Aluminum, zinc and nickel also rose. The metal sector has received support from growing bets that the Federal Reserve can deliver a new reduction in interest rates this month, with great data on Friday, as the US job report can deliver the features of the next monetary policy track of the central bank. China’s supplies are reports that copper supplies in China are under pressure amid a threat to issuing new government regulations that have limited the activity of factories for recycling factories for mineral scrap. The Shanghai Metals Mareet and Mysteel (Mysteel) said that possible changes in policy, such as reducing government support, could improve the demand for refined metal from the mosque. “The temporary stop in the manufacture of copper bars and recycled materials in various provinces in central China has led to a great demand for refined buyer,” said Xiao Jing, SDIC Futures, that “the temporary stop in the production of brass bar and recycled material in various provinces in central China has led to a high demand for refined buyer. “Shanghai Metals Market” was done and was released last week that the production of recycled brass bars dropped by at least 30% during August. recorded, which ended a series of losses that lasted five days.