Copper price regains ground, rally not over, Citi says

  • 06/21/2021
  • Source: Mining.com
  • by: MINING.COM Staff Writer
Copper price regains ground, rally not over, Citi says
Copper price regained some ground on Monday after hitting a two-month low on Friday.

Copper for delivery in July rose 0.6% from Friday’s settlement price, touching $4.18 per pound ($9,196 per tonne) midday Monday on the Comex market in New York.

The metal’s price slumped on Friday, pressured by China’s plan to sell reserves, and a firm dollar buoyed by the prospect of US interest rate hikes.

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