Copper rises to $7,408 a tonne in London

opper prices were down on May 21 on the London Metal Exchange due on the back of weak import figures from China.

Copper prices were down on May 21 on the London Metal Exchange due on the back of weak import figures from China. Benchmark three-month copper hit $7,375 a tonne, an dip of $7.339.

Copper prices fell to an 18-month low in early May, but have since rebounded, according to the source. Prices hit under $6,800 a tonne this month. While prices are back on track, copper is still down about 7 percent for the year, Reuters reported.

Copper for July delivery on the Comex in New York hit $3.357 a pound today, Bloomberg reported.

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