The three-month price for copper on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 9, settling above nearby resistance on steady afternoon buying, while lead fell by more than 1% over the day to close below nearby support levels.
Copper's outright price on the LME closed at $6,734 per tonne on Wednesday afternoon, climbing by a little less than 0.5% from an intraday low of $6,658.50 per tonne, while turnover was particularly low with just over 11,000 lots exchanged by the 5pm London close.Prompting a higher price, LME copper stocks continued to float around levels that were last seen in 2005, with just 48,450 tonnes on-warrant across the LME's warehouse network.That said, the LME's monthly off-warrant stock data report - due to be...