The three-month copper price on the London Metal Exchange was higher during morning trading on Monday December 9, with prices holding above nearby support levels against high turnover, while nickel futures fell by 2%.
Copper's outright price on the LME was recently seen at $6,009 per tonne, while volumes traded were high over the morning at more than 7,500 lots as of 9:05am London time. The red metal's underlying price breached nearby resistance on Friday afternoon, while buying momentum continues to be supported by copper's forward spreads. Copper's benchmark cash/three-month spread was...