The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday April 22, with its price action breaching nearby resistance at $5,100 per tonne, while nickel futures lost ground over the day.
Copper's outright price on the LME closed at $5,126 per tonne on Wednesday afternoon, climbing from an intraday low of $4,973 per tonne, while turnover was moderate at just under 14,000 lots exchanged by the close.Yet some market participants believe the red metal's price decline earlier this week was linked to the a tough week for global oil futures, after both the benchmark West Texas Intermediate (WTI) and Brent crude futures...