LIVE FUTURES REPORT 30/06: LME copper hits 6-month high on supply fears

The London Metal Exchange three-month copper price closed above $6,000 per tonne for the first time since January 23 on Tuesday June 30.

The price was buoyed by high-volume trading amid supply concerns brought on by the closure of Codelco’s Chuquicamata smelter in Chile amid the Covid-19 infection in the country.
The LME three-month copper price closed up by a fairly modest 0.8% at $6,015 per tonne in the afternoon, from the previous day’s close at $5,961.50 per tonne.

More than 20,000 lots of the red metal had changed hands by the end of...

Published

Amy Hinton

June 30, 2020

18:10 GMT

London