LME OFFICIALS: Copper price up as 2013 ends

Copper prices showed some signs of improvement during the official session on the London Metal Exchange on Tuesday December 31, as 2013 draws to a close.

The red metal settled at a three-month price of $7,370/71 per tonne, up from $7,355 per tonne as the market opened in London. “Industrial metals are likely to perform better [in 2014] as China, the USA and other states push to develop new infrastructure and to fit out what has recently been built,” an analyst said in a note. “Copper remains a key metal despite the development of a...

Published

Claire Hack

December 31, 2013

13:34 GMT

London