MT: Base metals prices lose ground in LME officials
Rangebound base metals prices drifted in Tuesday’s official trading on the London Metal Exchange as economic concerns ensured trading remained subdued.
Three-month copper settled at $7,510/510.50 per tonne, less than $3 below its opening level. The red metal traded no higher than $7,544 per tonne and dipped as low as $7,472 per tonne. Copper stocks in LME-bonded warehouses rose 2,550 tonnes to 251,675 tonnes. “Copper for the time being...
