The three-month copper price on the London Metal Exchange increased during morning trading on Tuesday September 24, with the price climbing against a fresh cancellation of over 21,000 tonnes while the rest of the complex declined amid light turnover.
Copper's three-month price was recently at $5,805 per tonne, climbing up by just 0.2% from Monday's close at $5,778 per tonne but breaching nearby resistance levels, while volumes traded were moderate with 3,676 lots exchanged as of 9:25am London time. The material leaving LME-registered warehouses over the morning came predominantly from Asian locations, with some 15,675 tonnes freshly booked out of Kaohsiung and another 5,575 tonnes in Busan, which prompted copper's higher price action. Some 500 tonnes of copper were booked out of Rotterdam...