Copper price hits two-week high as dollar weakens

Copper prices rose on Tuesday, reaching a two-week high in London, supported by a recent drop in the U.S. dollar.A Bloomberg gauge of the dollar fell to a 15-month low on Monday. A softer dollar makes commodities cheaper for buyers using other currencies.On Tuesday, LME copper rose as much as 1.6%, trading at $9,305 a tonne by 9:54 a.m. local time. On the COMEX, copper for May delivery climbed to $4.834 per pound ($10,634 per tonne) in morning trading.Metals have faced a turbulent April amid global trade uncertainty sparked by U.S. President Donald Trump’s sweeping import tariffs.While the trade tensions threaten economic growth—and with it, metal demand—the weaker dollar is providing some support.Who controls the future of copper mining?MINING.COM and The Northern Miner mapped global copper production through a geopolitical lens, dividing the world into five “spheres of control”: American, Chinese, Russian, Coalition of the Willing, and Undrafted.Check out our new infographic:Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com