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Copper prices up in LME officials, bucking base metals trend
June 15, 2012 - 16:10 GMT
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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