Copper prices higher as lead declines
by Elaine Frei

Base metals prices were mixed on Wednesday.
Copper was up 1 cent to $3.56 per pound, a gain of 0.3 percent on the day that brought the metal’s price gain this year to 23 percent despite recent declines.
In London meanwhile, three-month copper added $60 to $7,825 per tonne as inventories in London Metal Exchange warehouses dropped by 775 tonnes to 98,625 tonnes.
Prices were higher on worries that output will decline further amid continuing worker protests in Latin America.
At one mine in Chile, workers blocked entrances in the third day of protests.
Tin prices also climbed, adding $589 to $14,889 per tonne after the Bolivian government seized a smelter owned by a Swiss company.
On the other hand, the price of three-month lead dropped $25 to $3,185 per tonne in late afternoon trade in London after having gone as high as $3,260 per tonne, a new record high.
Analysts said that the price decline came because recent gains have been too extreme, despite supply concerns amid shipment postponements in Australia and a smelter explosion in Missouri.
In other base metals, nickel added $560 to $32.550 per tonne, while aluminium and zinc each declined $26 dollars to $2,772 per tonne and $3,469 per tonne respectively.
Add to Bookmarks:
Related posts to: Copper prices higher as lead declines
Metals rise after early declines ...
Lead and zinc gain as copper declines ...
Precious metals gain but base metals see declines ...
Metals up as investors seek bargains ...
Base metals prices see gains ...
Latest Metals News:
US pending home sales data helps copper prices
Positive data chases gold prices lower
Gold gains on search for safetey ahead of economic data
Gold gains as US dollar weakens
Gold prices fall on US jobs news
US durable goods orders, new home sales drive metals price moves
Gold gains, copper drops on US home sales data
Copper prices fall on economic, demand concerns
US unemployment numbers hurt copper prices
Copper prices gain on more inventory declinesPrevious: « Platinum gains almost $15 per ounce
Next: China increases gold production »
Visited 14280 times, 1 so far today