Copper's three-month price was up by 1%, and most London Metal Exchange prices were slightly up the morning of Friday October 1 after a steep sell-off on Thursday afternoon with macroeconomic concerns mounting.
Copper's three-month price returned to above the $9,000 per tonne level with a rise to $9,026.50 per tonne on Friday morning from a $8,936.50 per tonne price on Thursday at the close, a 2.4% decline on the previous day's 5pm reading. "It would be reasonable to describe yesterday as a perfect storm for the metals, but you also get the feeling it has only just begun," Kingdom Futures director Malcolm Freeman said on Friday. "The pressure had been on the metals for several days with the drivers being Evergrande and...