Copper prices in London experienced a slight decline on Tuesday due to the strength of the dollar. However, the market received a boost from positive developments in the Chinese property sector, which helped to provide some support to prices. Although the dollar’s strength had a negative impact on copper prices, the positive news from China helped to balance out the overall market sentiment.
The Chinese property sector plays a significant role in the demand for copper, as it is a major consumer of the metal for construction purposes. Any improvements or positive indications in this sector can have a positive impact on copper prices. Despite the influence of the dollar, the relief in the Chinese property sector acted as a saving grace for copper prices in London on Tuesday.
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