LIVE FUTURES REPORT 20/03: LME copper hits fresh 2018-low; all base metals under pressure

Base metals prices on the London Metal Exchange closed lower across the board on Tuesday March 20, with copper falling to a new 2018-low.

The three-month copper price closed 1.4% lower and hit a low of $6,730 per tonne earlier in the day – the lowest since December 14, 2017. “This comes amid broad-based downward pressure across the industrial metals, chiefly owing to a weaker global risk appetite [on rising political and geopolitical tensions across the globe] and a stronger dollar [on expectations of an imminent US Federal Reserve rate increase],” Metal Bulletin analyst Boris Mikanikrezai said. Zinc’s three-month price also closed...


Alice Mason

March 20, 2018

17:35 GMT