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Copper prices inched up to $5,680 per tonne Wednesday, following Tuesday trading that saw the metal’s biggest one-day drop in three weeks, according to Reuters.
Copper prices inched up to $5,680 per tonne Wednesday, following Tuesday trading that saw the metal’s biggest one-day drop in three weeks, according to Reuters. LME copper prices grew 0.5 percent as bargain hunters sought to capitalize on low prices.
The copper market currently suffers from low liquidity, according to the publication, and trading will not recover until the Chinese markets reopen Feb. 25. Until then, prices will vary alongside news of the Greek debt discussions and information from today’s U.S. Federal Open Market Committee meeting.
Comex copper prices dropped 0.12 to trade at $2.578 a pound, Investing.com reported.
