Copper 3 Year Highs Near As Record Speculative Longs For Third Week


Copper steady on Friday but still recorded its biggest weekly price fall since March.

Benchmark copper on the London Metal Exchange ended at $US6,508 a tonne, up 0.1 per cent on the day and down 2.8 per cent this week from a three-year high of $US6,970 on September 5 but is still up 18 per cent so far this year.

Support seen between $US6,300 and $US6,400 around the 50-day moving average and the high point of prices in 2015.