Friday, 29 June 2012

LME Copper and the Eurozone

How can what happens in the Euro "zone" affect what happens to the copper price? Well, on Friday 29 June  2012, it did just that - with the biggest daily rise posted since April - up 2.2% on the 3 month contract at around half seven AM (GMT) . The traded price was $7,545 per tonne.

Copper trades on the Shanghai (SHFE), LME and COMEX exchanges. (COMEX also offers trading on e-Mini copper futures). In India, copper trades on the NMCE and the MCX.


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