The three-month price of copper on the London Metal Exchange was higher at the close of trading on Monday June 22, topping the complex with a 1.8% uptick despite thin trading volumes, while zinc's forward curve loosened over the afternoon.
Copper's outright price on the LME closed at $5,880.50 per tonne on Monday afternoon, climbing from an intraday low of $5,807 per tonne, but failed to breach nearby resistance at the $5,900 per tonne level.Turnover in the red metal was at its lowest level since June 17 with just over 14,000 lots exchanged by the close, while open interest in LME copper climbed by a total of 3,490 positions overnight to a total of 360,782 open...