Copper prices lower despite decline in LME inventories
by Brian Turner

Metals prices were lower on Wednesday. Among base metals, lead dropped 0.6 percent to $2,310 per tonne, while copper and zinc each lost 1 percent. Copper retreated to $7,290 per tonne even though stockpiles in London Metal Exchange warehouses were 450 tonnes lower and worries continued about strikes in Mexico and Chile. Zinc traded at $3,675 per tonne after a delivery of 2,800 tonnes of the metal to LME warehouses in Dubai.
Meanwhile, both nickel and aluminium remained unchanged on the session in London. Nickel traded at $40,500 per tonne after having gone as low as $39,350 earlier in the session, while aluminium was at $2.716.5 per tonne.
By early afternoon precious metals trade in New York, August gold had dropped 40 cents to $652.70 per troy ounce. In other precious metals, July silver was 3 cents lower to $3.06 per troy ounce and platinum had dropped $12.90 to $1,283.50 per troy ounce.
Related posts to: Copper prices lower despite decline in LME inventories
Metals prices drop despite some decline in inventories ...
Gold prices decline, inventories fall ...
Tin lower in London as China exports decline ...
Metals prices decline on session ...
Metals prices fall despite declines in inventories ...
Latest Metals News:
Gold ends session lower in New York, but gains on week
Gold prices retreat after setting new intraday high
Gold closes at $1,666 per ounce in New York trade
Gold prices at new records on disappointing US data
Gold prices lower but comes off session lows on manufacturing data
Gold sets new intraday, closing highs to end trading week in New York
Copper rises; precious metals prices see declines
Gold prices drop on profit-taking, stronger US dollar
$1,616.80 per troy ounce: Another record high for gold
Gold trades as high as $1,624.30 per ounce in New YorkPrevious: « Zinc inventories up but still tight
Next: Metals prices higher on session »
Visited 1273 times, 1 so far today