The three-month copper price staged a modest recovery to climb back over $6,601 per tonne after a significant 4% decline earlier this week.
“Copper fundamentals are still largely positive. In addition, the falls in prices will likely trigger demand [from bargain hunters]. In general, there is limited space for copper prices to fall further,” China’s Guotai Junan Futures said on Thursday.
Zinc prices edged higher as they continue to consolidate at current levels with declining stocks providing support to prices.
“The supply tightness in zinc concentrates has persisted. Meanwhile, more zinc refineries will have planned...