LIVE FUTURES REPORT 17/06: LME copper falls 2.1% amid dollar strength, others also weaker

Copper’s price fall and a higher US dollar index were the main factors in a decline in London Metal Exchange base metals prices for a fourth day on the morning of Thursday June 17, with most down by at least 1%.

The three-month copper contract on the LME was at $9,459.50 per tonne at 9am London time on Thursday, down by 2.1% from its $9,667 per tonne closing price on Wednesday. The contract fell to an intraday low of $9,415 per tonne - the lowest since April 22 - moments after the United States Federal Reserve issued statements regarding the US economy and interest rates. “The Federal Reserve changed its tone on inflation and said...

Published

Ana de Liz

June 17, 2021

09:22 GMT

London