COMEX January 8 Copper Summary

NEW YORK, Jan. 8 (Xinhua) — COMEX copper futures rose Tuesday and the Sino-US trade negotiations entered their third day. Traders closely followed the progress of Sino-US trade negotiations.

The most active COMEX March copper contract rose 0.07% to close at $2.6560 a pound.

A member of the U.S. delegation said Tuesday that the trade talks between China and the United States in Beijing will continue tomorrow and the negotiations scheduled to end in two days will enter the third day. The world’s two largest economies are now seeking to resolve their fierce trade disputes.

Chile’s copper production is likely to grow by nearly 30% over the next 10 years, according to a report released Monday by the Chilean Copper Commission.

Chile’s copper production may reach a record 7.25 million tons as early as 2025, the Commission said in a report. Chile is the largest copper producer in the world.

India’s High Court on Tuesday rejected the ruling of the National Environment Court, clearing the way for the reopening of a copper mine in the south, a lawyer for Vedanta Resources Group said.

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