Copper price regains ground, rally not over, Citi says

by: MINING.COM Staff Writer
June 22, 2021
Source: DYNAMIC WEALTH RESEARCH
10/27/2022

Stock Photography - Canadian Coins by KMR Photography is licensed under CC BY 2.0

Copper price regained some ground on Monday after hitting a two-month low on Friday.

Copper for delivery in July rose 0.6% from Friday’s settlement price, touching $4.18 per pound ($9,196 per tonne) midday Monday on the Comex market in New York.

The metal’s price slumped on Friday, pressured by China’s plan to sell reserves, and a firm dollar buoyed by the prospect of US interest rate hikes.