LIVE FUTURES REPORT 03/03: LME copper price rises continue; aluminium nears 2021 high

The London Metal Exchange three-month copper price picked up above the $9,200 per tonne mark and aluminium neared its 2021 high in morning trading on Wednesday March 3, while the rest of the complex was largely stable following a rally of over 3.5% on copper and tin prices on Tuesday.

Copper’s price rose by 0.6% on Wednesday morning to around $9,225 per tonne, following increases since the start of the week from $9,170 per tonne on Monday. The three-month copper price reached a year-to-date high of $9,617 per tonne last week.

“For the greater part most of us will simply be glad to get today’s option expiration behind us and then perhaps we can see where the prices will actually go when left to their own devices,” Kingdom Futures director...

Published

Ana de Liz

March 03, 2021

10:02 GMT

London