Tuesday, May 8, 2007
Aluminium prices higher as other base metals decline
Story link: Aluminium prices higher as other base metals decline
by Brian Turner
by Brian Turner
Most base metals prices were lower on Tuesday despite inventories that remain tight. Lead was $25 lower to $2,115 per tonne and zinc dropped $40 to $4,130 per tonne on the London Metal Exchange, which had been closed Monday for a holiday.
Copper fell $155 to $8,165 per tonne after a strike in Peru ended on Friday. Three-month nickel, meanwhile, was $600 lower to $51,000 per tonne.
The exception to the general trend in prices was aluminiuim, which added $6 per tonne on the session to trade at $2,896 per tonne.
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