LIVE FUTURES REPORT 18/03: LME copper price sinks by 8% to lowest in three-and-a-half years

The LME copper price was sharply lower at the close of trading on Wednesday March 18, dropping by more than 8% because of broad-based risk-aversion, but the LME lead price surprisingly made gains over the afternoon.

The three-month copper contract on the London Metal Exchange at its lowest since October 2016 at $4,745 per tonne in high volume-trading - on electronic trading platform LMEselect, more than 31,057 lots changed hands, the second-highest daily trading volume this year after a similar total on March 13. Open interest in LME copper fell significantly overnight, with many market participants liquidating positions because of...

Published

Hassan Butt

March 18, 2020

18:20 GMT

London