 "Copper rises as aluminum nears longest losing streak since 1987")
Copper rose here after benchmark money-market rates fell from records in China, the biggest consumer of the metal. Aluminum headed for the longest losing streak since at least 1987.
The People's Bank of China was said to have made funds available to lenders amid a cash squeeze. Copper also climbed as imports of refined metal into the nation rebounded from the lowest level in almost two years.
Still, prices are set to slump the most since April this week amid concern the US Federal Reserve will end economic stimulus and Chinese growth is slowing. Copper for delivery in three months added 0.5 per cent to $6,807 a metric ton by 10:03 a.m. on the London Metal Exchange, cutting the weekly drop to 4 per cent. Prices touched $6,692, the lowest since October 2011.
The People's Bank of China was said to have made funds available to lenders amid a cash squeeze. Copper also climbed as imports of refined metal into the nation rebounded from the lowest level in almost two years.
Still, prices are set to slump the most since April this week amid concern the US Federal Reserve will end economic stimulus and Chinese growth is slowing. Copper for delivery in three months added 0.5 per cent to $6,807 a metric ton by 10:03 a.m. on the London Metal Exchange, cutting the weekly drop to 4 per cent. Prices touched $6,692, the lowest since October 2011.