Thursday, October 5, 2006
Base metals prices rise on inventory declines
Story link: Base metals prices rise on inventory declines
by Brian Turner
by Brian Turner
In the metals markets on Thursday, copper added 3.8 percent to $7,300 per tonne after London Metal Exchange stockpiles declined by 2,550 tonnes. Zinc was also up, by 4 percent to $3,436, when LME inventories dropped by 1,625 tonnes. Nickel and aluminium prices were each 2.9 percent higher to $28,900 per tonne and $2,547.5 per tonne respectively.
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Latest Metals News:
Gold ends session lower in New York, but gains on week Gold prices retreat after setting new intraday high Gold closes at $1,666 per ounce in New York trade Gold prices at new records on disappointing US data Gold prices lower but comes off session lows on manufacturing data Gold sets new intraday, closing highs to end trading week in New York Copper rises; precious metals prices see declines Gold prices drop on profit-taking, stronger US dollar $1,616.80 per troy ounce: Another record high for gold Gold trades as high as $1,624.30 per ounce in New YorkPrevious: « Precious and base metals prices decline
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