LIVE FUTURES REPORT 10/08: LME copper rebounds above $6,400 as data boosts sentiment

Copper futures on the London Metal Exchange sold for more than $6,400 per tonne in afternoon trading on Monday August 10, starting the week on the front foot after a slump last Friday.

At the 5pm close, 3-month copper futures were settled at $6,395 per tonne, a 1.4% gain from last Friday, when news of Chilean supply strength proved negative for market sentiment. The price had been as high as $6,428 per tonne.
The metal’s price rise came as macroeconomic data started to indicate a gradual recovery in regions heavily affected by the Covid-19 pandemic.

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Archie Hunter

August 10, 2020

17:08 GMT