LIVE FUTURES REPORT 25/11: Risk-off sentiment sees LME copper stay below $5,900; lead tops losses

Copper’s outright price closed at $5,868 per tonne in the afternoon, despite reaching an intraday high of $5,917 per tonne, while turnover was moderate at 11,606 lots exchanged by the close.

A fresh cancelation of 36,975 tonnes pushed prices slightly higher in the morning, the bulk of these being out of LME-registered warehouses in Rotterdam, raising the metal’s price above the $5,900 per tonne threshold.

Also supporting buying activity, copper’s forward spreads remained positive, with the red metal’s benchmark cash/three-month spread recently seen…

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