iconApr 10, 2024 08:12
Source:SMM
【LME Closing on April 9th: Metals Mostly Up, Copper Futures Holding Steady; Earlier, Hit 14-Month High Driven by Fund Buying】 LME copper futures held steady on Tuesday, as earlier fund buying offset the impact of increased inventories, pushing copper prices to a 14-month high. Data from Tuesday showed that 10,900 tons of copper arrived at LME warehouses in South Korea, Taiwan, and Singapore. The spot copper trading price was at a discount of $134.75 compared to three-month futures, reaching a record high and indicating ample copper supply.

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