Base metals prices mostly up on falling LME inventories

In the precious metals markets on Tuesday gold, sliver and platinum were all trading around previous levels, with gold at $625.70 per troy ounce, silver at $12.81 per troy ounce and platinum at $1,138 per troy ounce.

Base metals prices were mixed on the session. Three-month aluminium dropped to $2,681 per tonne on a rise of 10,050 tonnes in London Metal Exchange inventories, but copper, nickel and lead all traded higher on declines in stockpiles. Copper was trading at $5,660 per tonne on a decline of 2,550 tonnes in LME warehouses. Nickel was higher as well, trading at $34,100 per tonne as LME stockpiles dropped by 270 tonnes, while lead was at $1,605 per tonne on a drop of 525 tonnes in LME inventories.