LIVE FUTURES REPORT 08/03: LME lead price falls under $2,000/t; copper close to $9,000/t again

A high dollar index caused lead’s three-month price to drop by 1% to its lowest since January at the close on Monday March 8, while copper’s futures price inched close to the $9,000 per tonne mark with a 1% rise.

Buying interest in lead has been affected by the dollar index moving up to 92.39 on Monday at 5pm, the highest levels since November 2020, “driven by President Biden’s mammoth $1.9 trillion stimulus bill having been passed by the US Senate on Saturday,” Stone X senior metals analyst Natalie Scott Gray said.

“The bill will now go back to the House of Representatives for a final vote...


Ana de Liz

March 08, 2021

17:50 GMT