Copper rebounds above opening price in LME officials

Apr 16, 2012 | 09:10 AM |

Base metals prices rebounded slightly in official trading on the London Metal Exchange on Monday April 16, but remained under pressure with only copper and zinc settling above their opening prices. Three-month copper settled at $7,991/991.50 per tonne, after opening the day at $7,957.50. The red metal traded as low as $7,885.25 per tonne before rebounding to a high of $8,007.25. “Copper has made another move lower despite fresh tightness at the front end....

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