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...