LIVE FUTURES REPORT 11/01: LME copper, nickel down by more than 3%

Copper and nickel’s forward prices shed more than 3% on Monday January 11, in a second day of declines in the base metals complex on the London Metal Exchange, following a sharp increase in the United States dollar index and concerns over a resurgence of Covid-19 cases in China.

Copper’s three-month price closed at $7,864 per tonne at 5pm, a 3.3% decrease from Friday’s closing price of $8,131 per tonne and back at levels seen on January 4. Nickel’s three-month price lost nearly $600 to close at $17,086 per tonne, also a 3.3% decrease from its Friday closing price of $17,667 per tonne. Both copper and nickel set new highs of $8,238 per tonne and $18,200 per tonne respectively last week, the...

Published

Ana de Liz

January 11, 2021

17:55 GMT

London