Markets
Copper edges higher on US stimulus package passage fuels recovery hopes
- House of Representatives will vote on it on Tuesday.
HANOI: Copper prices inched up on Monday, buoyed by expectations of a faster economic recovery and higher capital inflows into markets after the US Senate passed a long-awaited $1.9-trillion coronavirus stimulus bill.
Three-month copper on the London Metal Exchange rose 0.1% to $8,907 a tonne by 0319 GMT, while the most-traded April copper contract on the Shanghai Futures Exchange advanced 1% to 66,130 yuan ($10,161.03) a tonne.
The US Senate passed the relief plan on Saturday, a major milestone for the bill.
House of Representatives will vote on it on Tuesday.
Copper is often used as a gauge of global economic health and the bill is expected to boost a recovery in the world's biggest economy.
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