Monday, April 2, 2007
Nickel, copper prices rise as gold, zinc decline
Story link: Nickel, copper prices rise as gold, zinc decline
by Brian Turner
by Brian Turner
The prices for copper and nickel were higher on Monday, but gold dropped $2 to trade at $661.80/$662.30 per troy ounce.
Copper added $100 to $6,980 per tonne, approaching the $7,000 level for the first time since December. Prices are being supported by forecasts that demand will exceed supply in the second quarter. Meanwhile, nickel was $700 higher to $45,000 per tonne following recent sell-offs as London Metal Exchange warehouses saw stockpiles rise.
Zinc prices, however, continued to decline, falling $115 to $3,140 per tonne on the session.
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Latest Metals News:
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