The price increased amid hopes for a new stimulus package.

Copper futures on the London Metal Exchange (LME) rose 1.0% in three-month contracts.

Three-month copper futures on the London Metal Exchange (LME) rose 1.0% to $9,609.50 a ton. The contract touched its lowest level since September 23 on Thursday and is heading for a third consecutive weekly decline.

China's economy grew at its slowest pace since early 2023 in the third quarter, and its real estate sector continued to show significant weakness, despite better-than-expected consumer spending and industrial production figures in September.

Meanwhile, China's central bank launched two funding programs on Friday, initially injecting up to 800 billion yuan ($112 billion) into the stock market and accelerating the adoption of fiscal policies to support capital markets and boost investor sentiment.

Dan Smith, head of research at Amalgamated Metal Trading, said: "People are somewhat confused about the current state of the Chinese economy because some sectors are performing well, like electronics, while others are underperforming."

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-21-10-tang-khi-co-hy-vong-ve-goi-kich-thich-moi.html