HANOI: Copper prices in London rose on Friday, on track for a weekly gain, as a US infrastructure deal boosted hopes for stronger demand of the red metal.
Three-month copper on the London Metal Exchange advanced 0.5% to $9,461.50 a tonne by 0318 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange eased 0.1% to 68,960 yuan ($10,666.34) a tonne.
US President Joe Biden embraced a bipartisan Senate deal to spend hundreds of billions of dollars on infrastructure projects, building roads, bridges and highways in an expanded effort to stimulate the American economy.
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