Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 07th of October 2008
Tuesday, May 22, 2007

Nickel prices drop $2000 per tonne on higher LME inventories

Nickel prices drop $2000 per tonne on higher LME inventories

Precious metals prices were lower on Tuesday in New York. June gold dropped $3.90 to trade at $659.90 per troy ounce. July silver fell 14 cents to $12.99 per ounce, while platinum was $21 lower to $1,298.70 per troy ounce.

Meanwhile, on the London Metal Exchange, most base metals were also lower. The exception was lead, which added $5 on the session to $2,155 per tonne after going as high as $2,215 per tonne during the session. The gains came after China put a 10 percent tax on refined lead exported from June 1. China also imposed a new export tax on zinc.

Copper on the LME fell $10 to $7,270 per tonne. The price of nickel dropped $2,000, or almost 4 percent, to $48,550 per tonne after LME stockpiles were up by 402 tonnes to 5,388 tonnes during the day.

 

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: Nickel prices drop $2000 per tonne on higher LME inventories

Base metals prices mixed on news, inventories ...

Nickel prices drop on higher inventories ...

Gold prices up 0.2 percent ...

Nickel inventories drop further; prices still decline ...

Base metals inventories continue to decline ...

Latest Metals News:

Latest News  Gold gains on investor search for safety

Latest News  Copper prices gain on demand hopes

Latest News  EMED Mining acquires 100% of Andalucian copper mine

Latest News  Gold gains on safe-haven status

Latest News  Gold prices lower as equities recover

Latest News  Copper drops 17 cents in New York

Latest News  Bailout uncertainty slows copper trade

Latest News  Nickel prices drop on higher inventories

Latest News  Copper prices fall in London, New York

Latest News  Copper declines on profit-taking, bailout concerns


Previous: « Most precious metals prices higher on session
Next: Metals prices fall in London »

Visited 984 times, 4 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):