LIVE FUTURES REPORT 16/06: Mixed prices on LME ahead of US Fed statement

Price movements on the London Metal Exchange futures complex were mixed at the close of trading on Wednesday June 16, but were within the range of its Tuesday prices ahead of the US Federal Reserve’s statement later in the day.

Copper’s three-month price, which fell by 4% on Tuesday to $9,569.50 per tonne, strengthened by 1% on Wednesday at 5pm to $9,667 per tonne. Its intraday low of $9,489 per tonne, however, was the metal’s lowest price since April 23.

Lead’s LME futures price was also up at the end of the day, by 1.2% to $2,202.50 per tonne, from its reading of $2,175.40 per tonne on Tuesday.


Ana de Liz

June 16, 2021

16:35 GMT