Copper rises to $7,408 a tonne in London

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.