The copper price rose on Thursday to the highest in nearly six weeks, helped by easing demand worries after US inflation data came in softer than expected.
Copper for delivery in September rose 1.6% on the Comex market in New York, touching $3.70 per pound ($8,140 per tonne).
US consumer prices did not rise in July compared with economists’ expectation of a 0.2% gain, a report that could allow the Federal Reserve to dial down the size of its interest rate hike in September.
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