The price of copper is near the level of 10 thousand dollars per ton after 4 weeks

The price of copper rose near the $ 10,000 per tonne threshold on the London Metal Stock Exchange, after the increase last month thanks to the weakness of the dollar and the relative duration of demand. The price of the metal used to make wires by 3% rose in August and rose by about 0.3% to 9.928 dollars per ton on Monday. Usually preliminary commodities in US dollars benefit from the fall in the green currency as it becomes cheaper for buyers from outside the United States. The price of buyer exceeded the 10 thousand dollars per tonne in July, but this proved relative durability, despite the expectation that the price dropped after US President Donald Trump stopped themselves from setting up customs duties on the image most of the metal traded. Copper Futures in the United States continues to trade in addition to prices on the London Stock Exchange, which is the world scale, while supplies continue to the United States. Al -nahhas benefit from the fall in the fall of the dollar in the “Bloomberg” index for the immediate dollar, with the increasing bets to lower interest rates in the United States during the next meeting of the US Federal Reserve, and in the light of the investors’ decision to face the member of the federal reserve. The green currency fell again on Monday after a US court issued a decision that it was legally uncertain. Also read: The price of buyer is shaving a lot, and the profits for the fourth week in a row received the demand for buyer this year with the support of the relative strength of the activity in China, as the apparent consumption in the world’s largest copper market in the first half of the year increased by about 10%, according to Zijin Mining Group. Nevertheless, warning signs appeared in the second half about more moderate expectations. “It seems that the information of the great economic activity is declining, and the growth of the apparent consumption of copper and aluminum has delayed in recent months, in accordance with our expectations.” The price of copper on the London metal share exchange rose 0.2% to $ 9,923 per tonne at 12:12 p.m. Shanghai time, and although zinc and nickel prices rose, the price of aluminum was a slight decline.