Copper's three-month price was down by 1% and aluminium closed down by $30 per tonne on Monday March 29, while most other base metals metals on the London Metal Exchange also closed lower but the US Dollar Index reached a new high.
The red metal closed at $8,865 per tonne on Monday, down by 1% from its closing price on Friday of $8,962 per tonne, which had been a 2% increase from the previous day's close."While we acknowledge the long-term bright fundamental picture of the copper market, we think that consolidation could extend...