LIVE FUTURES REPORT 17/07: LME copper price notches positive close in thin turnover; zinc slips below $2,200/t

The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday July 17, with thin turnover and a tighter forward curve doing little to stop upward price action, while zinc futures slipped below nearby support levels at the close.

Copper's outright price on the LME closed at $6,448 per tonne on Friday afternoon, recovering from an intraday low of $6,387.50 per tonne, while turnover was low at just over 10,000 lots exchanged.
Prompting the move higher, further production concerns from Chile - the world's largest copper producer - emerged this week, with workers at two of Antafogasta's Chilean operations voting in favour of industrial action earlier this week.

In addition, fresh removals of...

Bullish bankers and bearish institutions split on gold forecasts

Gold stocks down on flat metal price and mixed equities

Snowline Gold reports Initial Resource Estimate

Inflation subsiding and rate cuts starting internationally

Inflation rebound continues to reverse