Metals prices up during week

Metals prices rose during the week as supplies were low and demand continued. Copper added around 6 percent on the London Metal Exchange even though it was down by $130 from Thursday’s close to trade at $7,750 per tonne on Friday, remaining approximately $1,000 below its May 11 record high even though it is up 22 percent since mid-June. Meanwhile, nickel added 12 percent this week, hitting a new record of $24,100 per tonne before easing back to $23,900 per tonne. Gold lost about $1 Friday, but ended the week 3 percent higher, trading at $631.20/$632.00.