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Copper price rises on optimism over US recovery

Click here for an interactive chart of copper prices

Equities markets rose as the United States completed its 100 million covid-19 vaccine shots 42 days ahead of schedule and posted a drop in unemployment benefits claims.

“Dow futures have rallied by some 130 points … and metals are duly following its lead,” Malcolm Freeman, a director at UK broker Kingdom Futures told Reuters.

“More and more individual pieces of data show a slowdown in demand whether from third wave covid-19 in Europe, China cooling the economy down and the United States rattling its sabres internationally and warning of tax rises domestically,” Freeman said.

(With Files from Reuters)

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