US Federal Reserve meeting key focus for copper market

Copper prices are expected to rebound in December, with a weaker dollar and expanding Chinese economy aiding the complex heading into 2018, INTL FCStone analyst Edward Meir said in a monthly outlook.

Following a minor pullback in November, the red metal is forecast to trade between $6,700 and $7,100 per tonne this month due to decent Chinese demand and concerns over Chinese production capabilities.
The London Metal Exchange's cash copper contract closed the official session at $6,807 per tonne on Monday December 4, equivalent to $3.09 per lb, while the December-delivery Comex copper contract settled the day at $3.063 per lb.

"The general decline could be attributable to investors possibly...

Published

Dalton Barker

December 06, 2017

03:00 GMT

Chicago