Copper’s three-month price extended to $8,737 per tonne on Friday morning, its highest in nine years. By 9am, it was at $8,720 per tonne, 1.95% higher than its Thursday closing price of $8,553 per tonne.
Having started the week at $8,393.50 per tonne on Monday at the close, the red metal’s forward price is up for a 4% increase this week.
Around 14,800 lots of copper had traded by 9am and with higher volumes seen across the board for LME metals, trading has been boosted since Thursday...
