Copper Edges Up Toward $10,000 as Demand Drives Month of Gains

Copper inched up toward its key threshold of $10,000 a ton, after advancing last month on a weaker dollar and relatively resilient demand.

The metal gained 3% in August, and rose as much as 0.5% on Monday on the London Metal Exchange. A softer dollar tends to benefit commodities priced in the greenback by making them cheaper for non-US buyers.

Copper last traded above $10,000 in July, but has proved relatively resilient despite some forecasts for lower prices after US President Donald Trump stopped short of placing import tariffs on the most widely traded forms of the metal. US copper ...