CLOSE TO CLOSE: Copper prices steady at close after mid-day slump

Dec 21, 2011 | 12:39 PM |

Copper prices were holding above $7,400 per tonne at the close of trading on Wednesday, rebuilding after a mid-day slump. Three-month copper closed for the day at $7,455 per tonne, up $45 on Tuesday’s close and above its opening price. Movements in base metals markets were swayed throughout the day by the European Central Bank’s issuance of €489 billion ($626 billion) in three-year loans to hundreds of banks in the eurozone. The markets....

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