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Copper prices up in LME officials, bucking base metals trend

June 15, 2012 - 16:10 GMT Location: London

KEYWORDS: LME , copper , aluminium , nickel , warehouses

London Metal Exchange copper climbed on Friday June 15 on expectations of tightness.

After opening the session at $7,438.5, the three-month official copper contract settled at $7,515/7515.5 per tonne, as speculation grew that policy makers around the globe would increase stimulus measures. A statement by Xstrata’s head of copper forecasting the red metal to remain tight and demand from China to remain strong also served to support the market today, analyst Fairfax noted. Three-month copper reached a high of $7,522, after...

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