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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <language>en-Us</language>
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    <pubDate>Sun, 05 Apr 2026 23:28:48 +0500</pubDate>
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      <title>Copper prices set for weekly gain on demand pick-up</title>
      <link>https://english.aaj.tv/news/330366306/copper-prices-set-for-weekly-gain-on-demand-pick-up</link>
      <description>&lt;p&gt;&lt;strong&gt;Copper futures dropped on Friday on a stronger dollar, although the London contract was poised for its first weekly gain in five as physical demand picked up after prices slumped to a two-month low.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Three-month copper on the London Metal Exchange was down 0.5% at $9,811.50 per metric ton, as of 0349 GMT.&lt;/p&gt;
&lt;p&gt;Still, the contract has gained 0.8% on a weekly basis, and was on track to snap a fourth straight weekly loss.&lt;/p&gt;
&lt;p&gt;The US dollar pushed to a fresh eight-week top above 159 yen and clung close to a five-week peak to sterling, with the Federal Reserve’s patient approach to cutting interest rates contrasting with more dovish stances elsewhere.&lt;/p&gt;
&lt;p&gt;A firmer dollar makes greenback-priced metals more expensive to holders of other currencies. Earlier in the week, LME copper hit $9,551 a ton, the lowest in two months, as persistently high stockpiles raised worries that demand for the metal was weak.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Read more&lt;/strong&gt;&lt;/p&gt;
&lt;blockquote class="blockquote-level-1"&gt;
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&lt;p&gt;The drop in copper prices, however, encouraged more physical purchases this week, and in turn, provided a support around $9,500-$9,600 a ton, brokers said.&lt;/p&gt;
&lt;p&gt;The most-traded July copper contract on the Shanghai Futures Exchange edged 0.1% higher to 79,540 yuan ($10,954.56) a ton.&lt;/p&gt;
&lt;p&gt;Copper edges up on hopes of stronger demand, stockpiles cap gains&lt;/p&gt;
&lt;p&gt;LME aluminium was nearly flat at $2,522.50 a ton, nickel fell 0.3% to $13,730, zinc declined 0.3% to $2,865, lead shed 0.5% to $2,205, and tin was flat at $33,086.&lt;/p&gt;
&lt;p&gt;SHFE aluminium eased 0.2% to 20,505 yuan a ton, nickel dipped 0.2% to 134,900 yuan, lead dropped 1.5% to 18,760 yuan while zinc rose 0.2% to 23,860 yuan and tin jumped 0.9% to 273,490 yuan.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Copper futures dropped on Friday on a stronger dollar, although the London contract was poised for its first weekly gain in five as physical demand picked up after prices slumped to a two-month low.</strong></p>
<p>Three-month copper on the London Metal Exchange was down 0.5% at $9,811.50 per metric ton, as of 0349 GMT.</p>
<p>Still, the contract has gained 0.8% on a weekly basis, and was on track to snap a fourth straight weekly loss.</p>
<p>The US dollar pushed to a fresh eight-week top above 159 yen and clung close to a five-week peak to sterling, with the Federal Reserve’s patient approach to cutting interest rates contrasting with more dovish stances elsewhere.</p>
<p>A firmer dollar makes greenback-priced metals more expensive to holders of other currencies. Earlier in the week, LME copper hit $9,551 a ton, the lowest in two months, as persistently high stockpiles raised worries that demand for the metal was weak.</p>
<p><strong>Read more</strong></p>
<blockquote class="blockquote-level-1">
<p><a href="https://english.aaj.tv/news/330365999/journalist-killed-in-khyber-district-laid-to-rest-after-protest">Journalist killed in Khyber district laid to rest after protest</a></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><a href="https://english.aaj.tv/news/330366066/pakistan-announces-number-of-pilgrims-died-during-hajj">Pakistan announces number of pilgrims died during Hajj</a></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><a href="https://english.aaj.tv/news/330365973/earthquake-jolts-islamabad-several-other-cities">Earthquake jolts Islamabad, several other cities</a></p>
</blockquote>
<p>The drop in copper prices, however, encouraged more physical purchases this week, and in turn, provided a support around $9,500-$9,600 a ton, brokers said.</p>
<p>The most-traded July copper contract on the Shanghai Futures Exchange edged 0.1% higher to 79,540 yuan ($10,954.56) a ton.</p>
<p>Copper edges up on hopes of stronger demand, stockpiles cap gains</p>
<p>LME aluminium was nearly flat at $2,522.50 a ton, nickel fell 0.3% to $13,730, zinc declined 0.3% to $2,865, lead shed 0.5% to $2,205, and tin was flat at $33,086.</p>
<p>SHFE aluminium eased 0.2% to 20,505 yuan a ton, nickel dipped 0.2% to 134,900 yuan, lead dropped 1.5% to 18,760 yuan while zinc rose 0.2% to 23,860 yuan and tin jumped 0.9% to 273,490 yuan.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330366306</guid>
      <pubDate>Fri, 21 Jun 2024 12:48:55 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
      <media:content url="https://i.aaj.tv/large/2024/06/21124815e9cb5c3.webp?r=124848" type="image/webp" medium="image" height="720" width="1200">
        <media:thumbnail url="https://i.aaj.tv/thumbnail/2024/06/21124815e9cb5c3.webp?r=124848"/>
        <media:title>Copper prices set for weekly gain on demand pick-up. Photo via Reuters
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