The LME three-month copper price was higher at the close on Tuesday June 9, breaching nearby resistance at $5,700 per tonne against strong turnover, while selling pressure saw nickel futures fail to finish above $13,000 per tonne.
Copper's outright price on the London Metal Exchange closed at $5,774 per tonne on Tuesday afternoon, climbing from an intraday low of $5,676 per tonne, while turnover topped the complex with more than 18,500 lots exchanged by the close.Forward spreads for LME copper remained wide over the day, with the red metal's benchmark cash/three-month spread recently trading...