London copper rose on Monday, as oil price strength prompted investors’ quest for a hedge against stubborn inflation, though a firmer dollar capped gains in the greenback-priced red metal.
Three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.4% at $9,899.5 a tonne, as of 0555 GMT, while the most-traded March copper contract SCFcv1 on the Shanghai Futures Exchange fell 1.6% to 71,330 yuan ($11,217.70) a tonne.
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