Base metals prices mostly up on falling LME inventories
by Brian Turner
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.
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