LIVE FUTURES REPORT 13/11: Copper rallies 2.5%; vaccine hopes prop up market

Copper’s three-month price was the biggest riser on the London Metal Exchange on Friday November 13, with the price moving up by 2.5% by the close, even as its trading volumes remained relatively low.

The red metal’s price rose to $6,982.50 per tonne at the 5pm close on Friday, up by 2.5% from Thursday’s $6,934-per-tonne closing price, after a week marked by the result of the United States presidential election and news of a prospective Covid-19 vaccine. “Buying pressure has been supported post the US election, since the complex can look past election uncertainty with renewed certainty and confidence. Vaccine-related developments have boosted bullish momentum too, that the worst may well be behind...

Published

Ana de Liz

November 13, 2020

18:34 GMT

London