LME copper inventories decline
by Elaine Frei
Base metals prices were mostly higher Monday.
September copper added 8.15 cents in New York to $3.41 per pound, while the London price was 1.5 percent higher to $7,559 per tonne as London Metal Exchange inventories were lower and as equities markets began to make gains, lessening concerns that economic growth declines could mean lower demand.
Other base metals also gained ground in London trade.
Aluminium was 0.1 percent higher to $2,600 per tonne.
Nickel added 2.4 percent to $27,400 per tonne and lead was up 3.8 percent to $3,010 per tonne, but both were still down from earlier highs.
The price of tin was lower for the fourth session in a row, falling 3.1 percent to $15,300 per tonne after last week’s gains on supply interruptions in Indonesia.
Add to Bookmarks:
Related posts to: LME copper inventories decline
Zinc prices add 4.4 percent on session ...
Metals prices drop despite some decline in inventories ...
Gold prices decline, inventories fall ...
Metals gain on low inventories ...
Bailout uncertainty slows copper trade ...
Latest Metals News:
Copper prices drop in New York, London BHP Billiton scraps plans to acquire Rio Base metals see more price declines Copper prices fall on inventories, US housing data Copper, aluminium gain after early declines Gold drops half a dollar in New York Copper pares gains on US retail data Copper, aluminium inventories continue to climb Alcoa delays expansion at Wagerup and cuts production Platinum, palladium down on auto sector problemsPrevious: « Gold down 70 cents
Next: Moto Goldmines waits on DRC Government review »
Visited 1257 times, 2 so far today