LIVE FUTURES REPORT 18/06: Copper slumps 8% through week, on Chinese news, Fed comments

All base metals prices on the London Metal Exchange were lower on Friday June 18 than at the start of the week, by an average of 5.6%, brought down by a mixture of macroeconomic factors that have stifled the complex’s recent bullish run.

The decline across the complex to Friday was led by copper’s fall on the LME, down by 8.3% on Friday to $9,135 per tonne from Monday’s closing price of $9,971.50 per tonne.
Zinc’s three-month price was down by 3% on Friday to $2,822.50 per tonne from Thursday, and also showing a 7.3% decline since the start of the week, having closed at $3,044.50 per tonne on Monday.

Nickel’s price was stable from its Thursday reading, closing at $17,154 per tonne on Friday, but this...

Published

Ana de Liz

June 18, 2021

16:32 GMT

London