Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Saturday 11th of February 2012
Monday, December 17, 2007

Base metals prices decline on demand concerns

Base metals prices decline on demand concerns

Prices for copper and other base metals declined on Monday on wide worries about demand as worries accelerated about the slowing of the global economy.

Worries about copper demand came on the likelihood that inflation worries will keep the US Federal Reserve from cutting interest rates further to stimulate economic growth and on concerns that demand from China will not make up for decreased demand in the United States, as had been hoped earlier.

March Copper dropped 7 cents to $2.89 per pound in New York after comments from former Fed chairman Alan Greenspan highlighted worries about the slowing economy, while three-month copper in London fell $170 to $6,375 per tonne after going as low as $6,357 per tonne earlier in the session, its lowest level there since mid-March.

Aluminium dropped $5 to $2,410 per tonne and was down to $2,393 per tonne earlier in the day as analysts worried about US demand for that metal as well.

Among other base metals, zinc dropped $28 to $2,297 per tonne while lead was down $50 to $2,430 per tonne, tin was $150 lower to $16,050 per tonne, and nickel fell $800 to $25,700 per tonne.

 


Related posts to: Base metals prices decline on demand concerns

Copper prices down on new demand concerns ...

Copper drops in New York on demand concerns ...

Gold prices fall on stronger dollar ...

Copper prices drop in New York, London ...

Copper drops on demand concerns ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 2324 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):