LIVE FUTURES REPORT 22/11: LME copper, aluminium prices well supported; rest of complex consolidating

Copper and aluminium prices strengthened further on the London Metal Exchange in morning trading on Wednesday November 22, with stock levels continuing to fall.

The three-month copper price was supported by concerns of supply disruptions after workers at Southern Copper Corp’s mines in Peru went on strike yesterday. “Copper was stronger, after workers at Southern Copper mines in Peru began a strike. This has seen all operations halt production as discussions continue between the union and management,” ANZ Research noted on Wednesday. Copper stocks at LME-listed warehouses fell for a sixth day in a row with 8,100 tonnes begin delivered out today. The three-month aluminium price dipped earlier this week but recovered back above $2,100 per tonne this morning after over 11,000 tonnes of stock was freshly cancelled across Asian...


Alice Mason

November 22, 2017

11:28 GMT