Copper prices fell by 2.1% on the London Metal Exchange during trading on Tuesday July 6, on a strengthening of the US dollar and market caution at the start of the new trading month.
The three-month copper price fell by almost $200 per tonne on Tuesday to $9,312 per tonne, despite reaching an intra-day high of $9,632.50 per tonne. This was a 2.1% decrease from Monday's 5pm close of $9,511 per tonne."The US economy is recovering at quite a rapid pace, thanks to a mass [Covid-19] vaccination program that has allowed its economy to reopen," Fastmarkets analyst Andy...