Keen selling was seen across the London Metal Exchange and throughout the day on Tuesday June 15, which took the price of copper to its lowest level since late April this year.
Copper's three-month closing price was $9,569 per tonne, showing a 4% decrease from Monday's closing price of $9,971.50 per tonne.Its intraday low of $9,511 per tonne was the lowest price for copper since April 23, while the volumes traded on Tuesday were indicative of the selling. About 27,000 lots of metal had been traded by 5pm, more than quadrupling Monday's volume of 6,500 lots.Nickel's three-month price also fell by 4% on Tuesday, to $17,739 per tonne, while decreases were also noted for lead, down by 1.6% to...