With a 1.2 percent increase over the past day, the copper cash price was the biggest mover on the LME, closing at $7,330 per metric ton on Tuesday, June 4. After a 1.0 percent increase, the copper 3-month price finished the day on the LME at $7,356 per metric ton.
The price of US copper producer grade 122 increased 1.0 percent. The price of US copper producer grade 110 rose 1.0 percent. The price of US copper producer grade 102 finished the market day up 1.0 percent per pound. The Japanese copper cash price fell 0.8 percent.
Chinese copper closed mixed yesterday. Chinese copper wire prices inched up 0.2 percent. The price of Chinese copper bar steadied following two days of increases. The cash price of Chinese copper flattened after two days of improvement. The price of Chinese bright copper scrap was essentially unchanged.