LIVE FUTURES REPORT 30/09: LME copper price climbs 1.2% amid positive consumer confidence in US; lead suffers 1% slide

The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 30, after a significant uptick in consumer confidence in the United States.

The surge in US positivity through September prompted a steady increase in buying activity, while continued inflows of material put pressure on the LME lead price across the afternoon's kerb trading in London. The US Conference Board’s consumer confidence index, considered a leading indicator of consumer spending, showed a level of 101.8 for September, beating the expected level of 90. Copper’s outright price on the LME closed at $6,672 per tonne on Wednesday afternoon, improving from an intraday low of $6,563 per tonne, while turnover was moderately low at more than 15,300 lots exchanged by the...

Published

Hassan Butt

September 30, 2020

17:50 GMT

London