Base metals prices were up across the board on the morning of Tuesday July 20, recovering slightly from Monday's drop after a sharp rise in global coronavirus cases raised concern about potential further lockdowns stifling economic recovery.
"This morning the metals have recovered a little from yesterday's fall but on very thin volumes and no doubt unnerved by the Asian equities in negative territory again," Malcolm Freeman, director at Kingdom Futures Limited said.Copper's three-month contract rebounded during overnight trading to $9,289 per tonne, up by 0.7% from $9,222 per tonne at Monday's close."Copper, which was looking the most vulnerable ahead of yesterday's sell-off,...