Copper Rises to $6,979.50 per Tonne as Global Tensions Ease

Today, three-month copper on the London Metal Exchange was up 0.2 percent, or $13.96, to $6,979.50 per tonne, according to The Wall Street Journal. Similarly, copper futures for May delivery on the COMEX rose 0.6 percent, or $0.02, to trade at $3.191 per pound, Investing.com reported.

Those gains came as Russian troops were called back to their bases after military exercises seemed to indicate that they were set to invade Ukraine. Moving forward, analysts believe prices for the red metal could fall if trade sanctions are imposed on Russia.