LIVE FUTURES REPORT 27/11: Copper surpasses $7,500/t in morning trading

Copper and nickel continued their bullish momentum on Friday morning, with the red metal surpassing $7,500 per tonne - a price last seen in June 2013.

Copper’s three-month price was at $7,495 at 9:05am, but it rose in the minutes that followed to a high of $7,511 per tonne, surpassing a high intraday price of $7,500 per tonne last recorded on June 5 2013.  Compared with Thursday’s closing price of $7,402.50, copper’s three-month price increased by 1.5% to the $7,511 per tonne high.  The base metals complex reacted positively to the economic data coming out of China early on Friday, after the country’s National Bureau of Statistics said that profits in Chinese industrial companies had surged...

Published

Ana de Liz

November 27, 2020

10:40 GMT

London