Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Friday 03rd of September 2010
Monday, October 16, 2006

Base metals hit new record prices

Story link: Base metals hit new record prices
by Brian Turner
Base metals hit new record prices

In the metals markets on Monday, supply concerns and low inventories meant a 17-year record high for the price of tin and new all-time high prices for nickel and lead on Monday. Tin added 12.8 percent to $11,000 per tonne late in the day in London on worries about disruptions in supplies from Indonesia.

Nickel was 3.4 percent higher to $31,800 per tonne, down slightly from a record high of $31.900 per tonne reached earlier in the day, with only 2,514 tonnes of the metal in London Metal Exchange warehouses. Lead, meanwhile, reached a new record of $1,545 per tonne during the day’s session before easing back slightly to a gain of 2.9 percent to $1,535 per tonne.

Copper and zinc were also higher on the day, by 4 percent to $7,760 per tonne and by 4.6 percent to $3,965 per tonne respectively. Zinc that was actually available was in short supply and could continue to be so in the next few months despite a forecast by the Lead and Zinc Study Group of a 7.3 percent hike in mine production next year.

 

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: Base metals hit new record prices

Gold touches new record in New York ...

Most metals up, nickel lower ...

Copper near records; precious metals also higher ...

Gold, platinum touch new record highs ...

Platinum in new record ...

Latest Metals News:

Latest News  US pending home sales data helps copper prices

Latest News  Positive data chases gold prices lower

Latest News  Gold gains on search for safetey ahead of economic data

Latest News  Gold gains as US dollar weakens

Latest News  Gold prices fall on US jobs news

Latest News  US durable goods orders, new home sales drive metals price moves

Latest News  Gold gains, copper drops on US home sales data

Latest News  Copper prices fall on economic, demand concerns

Latest News  US unemployment numbers hurt copper prices

Latest News  Copper prices gain on more inventory declines


Previous: «
Next: »

Visited 918 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):