LIVE FUTURES REPORT 26/11: Copper above Jan-2014 high, complex follows

The London Metal Exchange three-month copper price reached a near seven-year high during morning trading on Thursday November 26, hitting $7,410 per tonne at one point and taking the complex on an incline with it.

The LME three-month price for the red metal was at $7,372 per tonne as of 9:05am, but its high of $7,410 per tonne in early trading meant it had surpassed prices last reached in January 2014. 
LME copper’s price had increased by 0.98% from Wednesday’s closing price of $7,300 per tonne and was up by 2.7% from Monday’s closing price of $7,177.50 per tonne.
Going back to the start of November, LME three-month copper closed at $6,773 per tonne on November 2, which means the three-month price has increased by almost 9% since then. 

“[This is] quite remarkable...


Ana de Liz

November 26, 2020

11:00 GMT