Copper recoups some losses after COVID-driven sell-off

TheStar Wed, Jul 21, 2021 06:37am - 2 years View Original


PRICES: Aluminium was up 1.4% at $2,460 a tonne, zinc fell 0.6% to $2,960, lead rose 1.8% to $2,327, tin added 0.4% to $33,500 and nickel was 1.2% higher at $18,680. (MMC's tin ingots. - Filepic)

LONDON: Copper on Tuesday recouped some of its losses from the previous session, when surging coronavirus infection rates triggered a sell-off of assets like metals, equities and oil that benefit from economic growth.

Benchmark copper on the London Metal Exchange (LME) was up 1.4% at $9,347.50 a tonne at 1602 GMT after falling 2.2% on Monday.

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