Primary Copper Shifts Up 1.5%

With a 1.5 percent increase over the past day, the copper cash price was the biggest mover on the LME, closing at $7,325 per metric ton on Tuesday, December 17. Also on the LME, the 3-month price of copper gained 1.2 percent to finish at $7,305 per metric ton.

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The price of US copper producer grade 122 rose 0.5 percent. After a 0.5 percent increase, the price of US copper producer grade 110 finished the day. The price of US copper producer grade 102 finished the market day up 0.5 percent per pound. The Japanese copper cash price steadied following two-days of increases.

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Chinese copper prices were mixed for the day. Chinese copper bar prices inched up 0.2 percent. The cash price of Chinese copper rose 0.2 percent. The price of Chinese copper wire held steady. The price of Chinese bright copper scrap saw little movement.

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