LIVE FUTURES REPORT 16/10: Comex copper rally pauses, dollar firm

The price of copper on the Comex exchange in the United States was slightly lower on the morning of Tuesday October 16, with the market unable to sustain the momentum it gained after LME Week in London earlier this month.

The copper price for December settlement on the Comex division of the New York Mercantile Exchange dipped by 0.50 cents to $2.7880 per lb. Despite disruptions at key producing facilities, most recently a slowdown in operations at Codelco’s Chuquicamata operation in Chile, the copper price remained volatile, with dips prompted by macroeconomic headwinds and a broadly firm dollar index. “We expect LME copper prices to...

Published

Dalton Barker

October 16, 2018

14:14 GMT

Chicago