LIVE FUTURES REPORT 20/07: Base metals recover from Monday weakness, copper and aluminium up 0.7%

Base metals prices were up across the board on the morning of Tuesday July 20, recovering slightly from Monday's drop after a sharp rise in global coronavirus cases raised concern about potential further lockdowns stifling economic recovery.

"This morning the metals have recovered a little from yesterday’s fall but on very thin volumes and no doubt unnerved by the Asian equities in negative territory again," Malcolm Freeman, director at Kingdom Futures Limited said. Copper's three-month contract rebounded during overnight trading to $9,289 per tonne, up by 0.7% from $9,222 per tonne at Monday's close. "Copper, which was looking the most vulnerable ahead of yesterday's sell-off,...


Imogen Dudman

July 20, 2021

09:18 GMT