Almost all base metal futures prices rose by over 3% in the week ending Friday April 16, despite falling lower from their readings on Thursday, boosted in part by a US dollar index that has been at its lowest in a month.
Copper's three-month price closed on Friday at $9,211 per tonne, up 3.9% since Monday, when its 5pm price was of $8,861 per tonne. The metal reached $9,353.50 per tonne during trading on Friday, the highest intraday reading since the metal recorded its year-to-date peak of $9,617 per tonne on February 25. Copper was, however, down slightly from its Thursday closing price of $9,284 per tonne, which was a 2.6% rise on the previous day. Among the best performing metals is lead: at $2,046 per tonne at the close, it was up 3.5 % since Monday, when it was at $1,976 per tonne. It was also up 1.5% from Thursday's 5pm closing price of $2,016 per tonne. The dollar index was...