Base metals were little changed in the official session on the London Metal Exchange but look set to rise following the release of positive economic figures from the USA. Three-month copper settled at $4,655/60 per tonne, recovering earlier losses from Wednesday’s settlement price. Copper settled at $4,654.5/5 per tonne on Wednesday but opened at $4,602 per tonne on Thursday. It had traded within a tight range, reaching a high of $4,665 per tonne and a low of $4,552 by early afternoon trading. Base metals have been rising and falling on good and bad news stories this week, and every piece of new economic data can have a significant effect on the market. “We remain amidst a very fickle market right now that reacts quickly to bad news but can easily rebound on fresh optimism from new economic data,” an analyst at Royal Bank of Canada (RBC) said. “There’s no real...

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