LONDON- Copper prices rose on Tuesday after data showed expanding factory activity in Europe, Japan and the United States and as the dollar weakened, making metals cheaper for buyers with other currencies.
Nickel also gained as falling inventories in exchange warehouses pushed premiums for quickly deliverable metal to their highest since 2009.
Benchmark copper on the London Metal Exchange (LME) was up 2.2 percent at $9,719 a ton, a little below last May’s record high of $10,747.50.
LME nickel was up 2 percent at $22,770 a ton after reaching $24,435 on Jan. 20 for its highest since 2011. – Reuters
