Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 29th of July 2010
Thursday, July 21, 2005

Chinese currency revaluation takes copper to record high

Chinese currency revaluation takes copper to record high

Revaluation of the renminbi in China took copper prices to a new record high of $3,440 per tonne on the London Metal Exchange before falling back to $3,397 per tonne, a loss of $7 on the day.

China is one of the largest importers and users of copper in the world. Other commodity prices seemed not to be affected by the news of China’s currency revaluation.

Gold was up nearly $2 to $423.90/$424.60 per troy ounce over its closing quote on Wednesday night in New York.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Chinese currency revaluation takes copper to record high

Rio rebuffs BHP Billiton with case for revaluation ...

Platinum in new record ...

Gold jumps to $915.90 before retreating ...

Rio/BHP merger prompts conter-bid speculation ...

Australia approves Chinalco investment in Rio Tinto PLC ...

Latest Metals News:

Latest News  Copper gains on China news

Latest News  Copper, other metals prices hurt by US consumer confidence

Latest News  Copper prices up on US new home sales data

Latest News  Gold prices lower as US dollar gains on euro

Latest News  Copper gains on Europe manufacturing, US existing home sales data

Latest News  Gold up slightly ahead of Bernanke remarks, stress test results

Latest News  Copper up despite drop in US housing starts

Latest News  Copper gains on demand hopes

Latest News  Copper prices drop on data, demand worries

Latest News  Gold ends slightly higher


Previous: «
Next: »

Visited 797 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):