Copper has a lot of industrial uses ... Brokers will buy at lower than the spot price, so that they have a price and will sell at higher than the spot price on the other end.
Benchmark copper on the London Metal Exchange (LME) was down 0.4% at $9,108.50 a tonne. The metal used in power and construction hit a record high of $10,474.50 in May. Prices fell 8.6% last week.
Carlos De Alba has given his Sell rating due to a combination of factors including Southern Copper’s lower-than-expected financial performance in the third quarter of 2024. The company’s ...