Copper prices supported at $8,000 in LME pre-market

May 11, 2012 | 05:19 AM |

Copper prices were buoyed by buying interest below $8,000 per tonne in pre-market trading on the London Metal Exchange on Friday May 11 after briefly trading below the psychological support level on macro concerns. Three-month copper traded at $8,014.5 per tonne at 10:21 BST, down from an opening price of $8,066.75 per tonne, but above its intraday low of $7,993.25 per tonne. The red metal began a downward trend ahead of the opening of European....

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