LME OFFICIALS: Copper prices end year up 4.8%

Copper prices finished the year up 4.8% on an official basis on the London Metal Exchange on Monday December 31, as conflicting signals from China and the USA left prices rangebound on an intraday basis.

Three-month copper settled at $7,929/30 per tonne, up from $7,874.5/875 per tonne in the previous official session, as HSBC final PMI data for December beat expectations at 50.5, marking the first reading above 50 since October 2011.

While prices gained in the overnight session, copper traded below opening levels going into the afternoon as negotiations over the US fiscal...


Mark Burton

December 31, 2012

14:10 GMT