LIVE FUTURES REPORT 10/06: LME copper down to $9,980, other prices steady

June 11, 2021 / www.metalbulletin.com / Article Link

Base metals prices on the London Metal Exchange were little changed at the 5pm close of trading on Thursday June 10, with slight increases for aluminium and nickel, while prices dipped elsewhere on the complex.

The three-month copper price fell by 0.9% to $9,890 per tonne during Thursday trading, down from $9,978.50 per tonne at Wednesday's 5pm close, despite reaching an intraday high of $9,992.50 per tonne.
"Even if copper is still priced around $9,900 per tonne, the price rally appears to have come to a halt for now," Daniel Briesemann, industrial metals analyst at Commerzbank, said.

"Copper is no longer being lent buoyancy by speculative financial investors. According to...