Ningbo Jintian Copper (Group) Co., Ltd.
Ningbo Jintian Copper (Group) Co., Ltd.

Copper Climbs Even As Dollar Gains Ground

Copper prices rose on Thursday even as the dollar advanced against most rivals as copper processing operations improve worldwide.

Reuters data showed melting copper operations rose to 13-month highs in January, buoyed by spiking construction demand in China.

Copper idle melting operations fell to February 2018 lows, while geopolitical tensions in Europe subsided after French president Emanuel Macron said his Russian counterpart Putin assured him Russia won't engage militarily with Ukraine.

The dollar index rose 0.5% as of 14:30 GMT to 95.9, marking a session-high at 96, and a low at 95.4.

Copper futures due in March rose 1% to $4.64 a pound as of 14:22 GMT.