The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday October 7, up by just over 2% during the afternoon trading session, while doubts over an economic recovery package in the United States have put little pressure on a broadly positive LME base metals complex.
Copper's outright price on the LME closed at $6,679 per tonne on Wednesday afternoon, climbing from an intraday low of $6,455 per tonne, while turnover topped the complex at more than 19,500 lots exchanged by the 5pm close.Buying momentum emerged across US trading hours this afternoon, and with the Asian market largely away due to national Golden Week holiday in China, trading volumes have been lower across the week, with the exception of today's copper...