The London Metal Exchange three-month copper price rose during morning trading on Tuesday June 30, surpassing resistance at $6,000 per tonne against a narrowing forward curve, while nickel futures maintained gains made on Monday.
LME copper's outright price was recently at $6,001 per tonne, up from Monday's closing price of $5,961.50 per tonne, while turnover was moderate at just over 6,200 lots as of 10am London time.Production concerns at the world's largest copper producer Codelco's Chuquicamata smelter and refinery in the Antofagasta region of Chile remain a key tailwind for copper prices, with the production facility still closed amid a recent outbreak of...