The London Metal Exchange three-month copper price was little moved during morning trading on Tuesday March 3, with a fresh cancelation of some 17,200 tonnes redundant to price action, while zinc continued its downturn.
Copper's outright price on the LME was recently at $5,735 per tonne. Turnover was high in copper over the morning - at just under 7,000 lots - as of 9:15am London time. This morning's fresh cancelation was booked predominantly out of LME-registered warehouses in Trieste, taking on-warrant material in the region down to 6,400 tonnes from some 23,200 tonnes on Monday. Total LME copper stocks now sit at 211,225 tonnes, while some 156,225 tonnes are on-warrant. This comes after more...