The copper price closed below $5,000 per tonne on the London Metal Exchange, having traded no higher than $4,938 per tonne earlier on Friday March 20.
The three-month copper contract ended at $4,810 per tonne, having bottomed out at $4,613 per tonne earlier despite 5,275 tonnes of warrants being cancelled. More than 25,000 lots changed hands.On-warrant copper stocks stand at 183,175 tonnes on Friday out of total stocks of 227,875 tonnes. LME stocks have surged by nearly 50,000 tonnes this week, reflecting inflows of 36,626 tonnes and...