LME copper prices posts gains in officials, trimming weekly losses

Dec 16, 2011 | 10:37 AM |

Copper prices made moderate gains in official trading on the London Metal Exchange on Friday but remained on course to record weekly losses after a correction that began on Tuesday. Three-month copper settled at $7,358/360 per tonne on Friday, up from $7,285/90 per tonne a day earlier, as the euro stabilised around $1.30 following a mid-week rout. The red metal was trading at $7,365 per tonne at 15:19 GMT, at a mid-point in its daily trading range. Closing at this level would translate to a weekly loss....

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