LIVE FUTURES REPORT 28/12: LME copper leads base metals higher in strong year-end rally; lead bucks trend

Base metal prices on the London Metal Exchange continued to a strong end of year rally during afternoon trading on Thursday December 28, with copper and aluminium leading the pack.

Base metal prices on the London Metal Exchange continued to a strong end of year rally during afternoon trading on Thursday December 28, with copper and aluminium leading the pack. The three-month copper price has recorded gains for ten trading days in a row, currently trading near a four year high. Copper prices closed $50 per tonne higher than Wednesday’s close price, but hit $7,312.50 per tonne earlier today – the highest since January 2014. “The year-end rally has been particularly strong in all the metals with the exception of lead, with most of the others climbing rapidly over the past 8 to 14 days,” William...

Published

Alice Mason

December 28, 2017

17:14 GMT

London