The London Metal Exchange three-month copper price held above the $5,000 psychological mark on Thursday April 9, closing at $5,002.50 per tonne in a day with a turnover of just above 11,600 lots.
The copper price reached an intraday high of $5,070 per tonne following a fresh cancellation of 300 tonnes, despite the low material turnover ahead of the long Easter weekend (Friday April 10-Monday April 13).LME copper stocks totaled 260,275 tonnes on Thursday, up from 179,725 tonnes on March 13.About 15.6% of copper stocks - or 40,500 tonnes - are...