LIVE FUTURES REPORT 17/02: LME base metals prices largely close lower

All base metals trading on the London Metal Exchange, with the exception of tin, ended the trading day on Friday February 17 down on the previous close after a week of choppy trading.

The three-month copper price closed at $5,960 per tonne, a $40 drop on its previous closing level. Earlier this week, the red metal had hit its highest level in 21 months, when it broke above $6,200 per tonne.  Freeport-McMoRan has reaffirmed its need for guarantees over its Indonesian investments after the country’s Ministry of Energy and Mineral Resources recommended the company receive a permit to export copper concentrates.    Copper stocks were down 7,650 tonnes to 229,075 tonnes, the lowest since December 2016. Aluminium price climbs to $1,903/t before falling back at the close • Aluminium prices closed at $1,880 per tonne, down by $17, having peaked at...

Published

Echo Ma

February 17, 2017

17:27 GMT

London