LIVE FUTURES REPORT 14/04: Easing virus concerns prompt LME futures buying; copper price climbs 2.8%

April 15, 2020 / www.metalbulletin.com / Article Link

Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Tuesday April 14, supported by news of plans to reopen the US economy and the release of fresh Chinese customs data for March.

Topping the complex was the three-month LME copper price, which climbed by 2.8% to $5,158.50 per tonne, from Thursday's close of $5,019.50 per tonne. The LME was closed on Friday April 10 to Monday April 13 for the Easter public holiday in the UK. Copper trading volumes were also the highest among its peers at more than 7,600 lots exchanged as of 9:45am London time. The red metal's outright price had been subject to downward pressure last week after more than 45,000...

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