⁍ Three-month copper on the London Metal Exchange was up 0.4% at $6,774 a tonne by 0121 GMT.
⁍ The most-traded November copper contract on the Shanghai Futures Exchange climbed 0.8% to 51,630 yuan a tonne.
– Copper prices rose on Friday as hopes of strong demand in top metals consumer China and risks of supply disruptions outweighed concerns that a resurgence in coronavirus cases in Europe may weaken the global economic recovery momentum, Reuters reports. Three-month copper on the London Metal Exchange was up 0.4% at $6,774 a tonne by 0121 GMT, extending gains into a third session. The most-traded November copper contract on the Shanghai Futures Exchange climbed 0.8% to 51,630 yuan a tonne. Most other base metals also rose. Chilean state-run copper miner Codelco said it was producing at full capacity and aims to meet its 2020 output targets.
Source: https://www.reuters.com/article/global-metals/metals-copper-gains-as-china-demand-hopes-supply-risks-eclipse-virus-worries-idUSL4N2H64IH