LME OFFICIALS: Base metals prices drift sideways in subdued official session

Base metals prices drifted sideways during the official session on the London Metal Exchange on Monday December 30, as many market participants have yet to return following the festive period.

Copper prices settled at $7,379.50/80 per tonne at on a three-month basis, compared with an opening level of $7,381.50 per tonne. Analysts of the red metal are bullish thanks to positive manufacturing figures in the USA and Europe, but little movement is expected in the coming 24 hours, an RBC analyst...


Claire Hack

December 30, 2013

16:17 GMT