The LME three-month copper price was the standout performer at the close of trading on Wednesday June 10,achieving its highest closing price since January 23, while tin futures similarly recorded a six-month high.
Copper's outright price on the London Metal Exchange closed at $5,907 per tonne on Wednesday afternoon, climbing from an intraday low of $5,776.50 per tonne, while turnover topped the base metals complex with more than 23,500 lots exchanged by the close - the highest since March. Complex-wide price rises this afternoon came despite cautious investor sentiment ahead of the United States Federal Reserve's economic projections, due at 7pm UK time on Wednesday - the Fed's first such projection since December 2019. Meanwhile, in the equity markets - which often trade in tandem with the LME base metals - slight downturns in...