MB:Copper price founders below $9,000 in LME pre-market
Copper prices fell across Monday’s pre-market trading on the London Metal Exchange after dipping below $9,000 per tonne in the Asian session on concerns about the downgrading of the US credit rating.
Copper fell across Monday’s pre-market trading on the London Metal Exchange after dipping below $9,000 per tonne in the Asian session on concerns about the downgrading of the US credit rating. Three-month copper started the day at $9,051 per tonne and settled at $8,958 per tonne by 9.59 BST. The contract traded as high as $9,104.25 per tonne and as low as $8,950 per tonne. “What we’ve seen is some physical buying from our clients;...
