The three-month copper price on the London Metal Exchange was higher during morning trading on Monday June 22, while a steady rise in Covid-19 cases over the weekend prompted a slight downturn across the rest of the complex.
Copper's outright price on the LME was the standout performer over the morning, recently trading at $5,866 per tonne, improving from Friday's closing price of $5,849.50 per tonne, while turnover topped the complex at more than 6,000 lots exchanged as of 9:40am London time. Prompting higher price action in LME copper was a fresh cancellation of some 3,225 tonnes out of LME-registered warehouses in Barcelona and Hamburg, with total on-warrant LME copper stocks now...