Copper Price Today: Copper Down to $6,205 per Tonne

Base Metals Investing

Copper dropped 0.2 percent on the London Metal Exchange to hit $6,205 a tonne, according to Reuters.

CopperĀ dropped 0.2 percentĀ on the London Metal Exchange to hit $6,205 a tonne, according to Reuters. Overall however, the metal recovered some from hitting a three-week low of $6,194.

The drop coincides with increases in the dollar, which saw the biggest gains against the euro in four years. This makes the metal more expensive for buyers of other currencies.

Meanwhile, copper on the Comex division of the New York Mercantile Exchange isĀ down 0.23 percentĀ at $2.86 a pound, as noted by MarketWatch.

The Conversation (0)
Ɨ