|
On May 9, three-month copper futures – the London Metal Exchange’s and hence the world’s benchmark – reached $2,715.50 a tonne. It was the highest price of the year. On the surface, it looked like a sort of triumph – with the LME’s turnover up 700% since 1987 and its business far outweighing that of its major rivals, the exchange was surely as good an instrument of price formation as was going to be found in an imperfect world. On |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
