The London Metal Exchange three-month copper price stood at $7,986 per tonne at 9am on Friday December 18, having surpassed $8,000 per tonne in early morning trading, while the complex on a whole continues to benefit from a low US dollar index and hopes for a US economic recovery stimulus deal.
Copper peaked at $8,028 per tonne during early trading, setting a new year-to-date and near eight-year high. A bipartisan deal on a $900 billion coronavirus relief package in the United States is close to being reached but negotiations are likely to continue through the weekend as a number of policy issues still remain in contention between Democrats and Republicans. Senate Majority Leader Mitch McConnell said late Thursday that the senate would "not...