Copper led the way in a morning of gains on the London Metal Exchange on Friday December 4, rising to a seven-year high again and taking the rest of the complex higher after a day of slight losses on Thursday.
The red metal's three-month price rose by 1.2% to $7,767 per tonne on Friday at 9am, a new year-to-date high and surpassing the previous 2020 high of $7,743 per tonne.Copper's price is now close to the intraday high of $7,770 per tonne reached on March 11, 2013 and supported by a number of factors such as positive vaccine sentiment and rising oil prices.A low US dollar index on Friday - at 90.63 at 9am, similar to Thursday evening's reading of 90.64 - boosted the copper price together with the rest of the complex.The LME three-month copper price is in course to securing a consecutive five-week rise on optimism a vaccine will stem the impact of the pandemic,...