CLOSE TO CLOSE: Copper prices at fresh year-to-date lows in LME kerb

Copper prices finished at fresh year-to-date lows in kerb trading on the London Metal Exchange on Thursday May 31, as disappointing US data contributed to a further slide in the euro in the afternoon.

Three-month copper prices closed for the day at $7,425 per tonne, down from $7,477.5 per tonne a day earlier and at a fresh five-month low. The red metal had earlier traded at a low of $7,403 towards the close of trading in the European afternoon as the euro weakened and US markets responded negatively to unemployment data there. “The euro has weighed very heavily, and there was some very solid...

Published

Mark Burton

May 31, 2012

16:51 GMT

London