LIVE FUTURES REPORT 10/08: China’s consumer inflation rise boosts LME copper; lead below $1,900/t

The London Metal Exchange three-month copper price was higher during morning trading on Monday August 10, after a steady uptick in consumer inflation figures for China’s economy while broad consolidation elsewhere led lead futures down over the morning.

LME copper’s outright price was recently trading at $6,344.50 per tonne, climbing over 2% from a morning low of $6,234 per tonne, while turnover was strong at more than 7,400 lots as of 9:50am London time. 

The red metal’s underlying price was subject to weakness at Friday’s close, when positive production news out of Chile - the world’s largest copper producer - encouraged selling pressure to emerge after state-owned producer Codelco...

Published

Hassan Butt

August 10, 2020

10:50 GMT

London