The biggest mover on the weekly Copper MMI® was the cash price of primary copper, which saw a 0.7 percent decline on the LME to $8,197 per metric ton. This comes on the heels of a 0.5 percent increase the week before. Also on the LME, a 0.3 percent gain landed the 3-month price of copper at $8,234 per metric ton.
However, Chinese copper prices were flat for the week.
Following a 0.2 percent increase in the week prior, the prices of US copper producer grades 102, 110 and 122 fell 0.2 percent last week.
Korean copper strip remained essentially flat from the previous week, and the Japanese copper cash price closed steady as well.
The Copper MMI® collects and weights 12 global copper metal price points to provide a unique view into copper price trends. For more information on the Copper MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.