LIVE FUTURES REPORT 25/11: Copper close to historic highs, nickel down by 1%

The London Metal Exchange three-month copper price continued its quest for record numbers on Wednesday November 24, while zinc suffered a dip in fortunes.

Copper came closer to its June 2018 high of $7,304 when it reached $7,300 at the 5pm close, a rise of 0.09% from Tuesday’s closing price of $7,293.
During morning trading on Wednesday, however, copper’s three-month price had already surpassed the 2018 high when it hit $7,360 per tonne - a price last seen in January 2014.
Nickel, meanwhile, had the biggest fall of the day, down by $184, or 1.13%, to close at $16,058 per tonne.

The dip comes a day after nickel...

Published

Ana de Liz

November 25, 2020

19:32 GMT

London