Selling prevailed on the London Metal Exchange on the morning of Thursday August 19, with copper at its lowest levels in four months; tin's price decreased by as much as $4,000 during morning trade.
Over 15,000 lots of copper had been traded by 9am on Thursday, more than half of the total 28,100 lots that were traded by the end of the day on Wednesday August 18, when the sell-off of the red metal was in its third day. Copper's three-month price reached as low as $8,812 per tonne during early Thursday trading - its lowest since April 12. After a 2.2% fall on Wednesday to $9,042.50 per tonne, the metal was down again by 2.3% at 9am on Thursday to $8,835 per tonne. "The base metals have been ignoring the...