The LME copper price was sharply lower at the close of trading on Wednesday March 18, dropping by more than 8% because of broad-based risk-aversion, but the LME lead price surprisingly made gains over the afternoon.
The three-month copper contract on the London Metal Exchange at its lowest since October 2016 at $4,745 per tonne in high volume-trading - on electronic trading platform LMEselect, more than 31,057 lots changed hands, the second-highest daily trading volume this year after a similar total on March 13.Open interest in LME copper fell significantly overnight, with many market participants liquidating positions because of...