Economy
Add as a preferred source on GoogleThe contract was approaching its lowest session close since mid-July.
The London Metal Exchange benchmark contract traded below $13,500 per ton Friday and remained on course for a fifth weekly loss in a row, which would be its longest such run in almost two years.
The Friday session close was approaching the contract’s lowest level since mid-July.
A weekly loss compares each week with the one before it; the mid-July reference concerns one session’s closing price.
Copper's session low was $13,883 per metric ton, its weakest reading in 11 weeks.
An LME spokesperson told Reuters more than 550 lots traded across two active contract months on the first day.
On-warrant LME warehouse stocks rose by 70,100 metric tons over the two days through Oct. 22.
