LIVE FUTURES REPORT 16/11: LME base metals complex rallies on vaccine news; Cu up 1.8%

The London Metal Exchange copper three-month price continued to break records on Monday November 16, with more than 30,000 lots of the metal exchanged by 5pm, a volume last reached in March 2020.

Copper’s three-month price opened at $7,142.50 per tonne on Monday, its highest since June 2018. The red metal’s three-month price at the end of the day was $7,108.50 per tonne, a 1.8% increase from Friday’s closing price. The base metals complex experienced a bullish day on Monday, due to news in the morning of China’s industrial output rising by...

Published

Ana de Liz

November 16, 2020

18:18 GMT

London