Thursday, December 20, 2007
Copper, zinc, tin, lead all see gains
Story link: Copper, zinc, tin, lead all see gains
by Elaine Frei
by Elaine Frei
Prices for base metals were mixed on Thursday in slow trade ahead of the Christmas holiday.
Copper gained slightly in both New York and London as stockpiles in London Metal Exchange warehouses dropped 250 tonnes on the session after three consecutive days of gains.
March copper added 1 cent to $2.97 per pound in New York while three-month copper in London gained $15 to $6,530 per tonne.
Other gainers included zinc, which added $2 to $2,310 per tonne, and tin, up $50 to $16,200 per tonne.
Lead was $76 higher to $2,602 per tonne after going as high as $2,675 per tonne on lower output in China and another hike in Chinese interest rates.
Aluminium, on the other hand, fell $21 to $2,407 per tonne while nickel dropped $400 to $26,250.
Related posts to: Copper, zinc, tin, lead all see gains
Most metals prices see gains ...
Lead and zinc gain as copper declines ...
Copper gains $75 despite demand concerns ...
Zinc gains 1.8 percent on prediction ...
Aluminium gains on demand hopes ...
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: « Platinum declines on China demand worries
Next: Metals and mining credit quality stable according to S&P »
Visited 2783 times, 1 so far today