LME Copper Price Keeps Rising; US Producer, China Prices Up

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With a 3.5 percent increase over the past day, the 3-month price of copper was the biggest mover on the LME, closing at $7,019 per metric ton on Friday, July 12. The cash price of primary copper increased 3.2 percent on the LME , ending at $6,995 per metric ton. For the fifth day since Monday, July 8, the climb has accelerated.

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The price of US copper producer grade 122 rose 2.1 percent. The price of US copper producer grade 110 rose 2.1 percent. The price of US copper producer grade 102 inched up 2.0 percent. The cash price of primary Japanese copper declined 1.2 percent.

Chinese copper closed mixed last Friday. Chinese copper wire prices rose 0.5 percent. Chinese copper bar gained 0.4 percent. The Chinese copper cash price increased 0.4 percent. The price of Chinese bright copper scrap remained steady.

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