LME ASIAN WRAP: Copper prices down amid sustained correction

London Metal Exchange copper prices slid in early Asian trading on Wednesday June 25 amid a sustained downward correction following recent gains.

At 03:28 London time, three-month copper traded at $6,871 per tonne, down $3.75 from its opening price of $6,874.75 per tonne. “Copper prices are correcting after recent gains, it may face some pressures to pick up in the near term,” Yang Xiaoguang, metal analyst of Jinrui Futures in Shenzhen, said. Three-month copper on the London Metal Exchange recorded a total gain of 1.9% last week. Meanwhile, reports on Tuesday that sales of...


Linda Lin

June 25, 2014

06:05 GMT