LIVE FUTURES REPORT 20/07: Base metals recover from Monday weakness, copper and aluminium up 0.7%

July 21, 2021 / www.metalbulletin.com / Article Link

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,...

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