The London Metal Exchange three-month copper price made an impressive comeback on Friday October 2, gaining 3.5%, amid strong turnover, on a day of positive moves for many of the base metals.
The LME three-month copper price, which had tumbled 5.1% on Thursday, in its deepest sell-off since March 18, closed the day on Friday at $6,566 per tonne, with just over 24,000 lots traded.Fastmarkets analyst Boris Mikanikrezai said in his Copper Today report on Friday that, in contrast to the other base metals, copper experienced substantial LME inflows at the end of September. LME stocks surged by 92,000 tonnes, or 94%, on September 26-29....