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A report from Metal Bulletin stated that copper prices on the London Metal Exchange were down Wednesday thanks to data from the International Copper Study Group.
A report from Metal Bulletin (subscription required) stated that copper prices on the London Metal Exchange were down Wednesday thanks to data from the International Copper Study Group.
The ICSG reported that global refined copper production was considerably excessive, according to Metal Bulletin. Copper traded at $6,658 per tonne on Wednesday, down $11 from its opening price.
Meanwhile, copper on the Comex rose to $3.045 a pound – the most since Sept.15, according to Nasdaq. This was attributed to greater confidence in anticipation of European Central Bank stimulus measures.
