Copper prices lower on jump in inventories
by Elaine Frei

Most base metals prices were lower Thursday on demand concerns and as inventories of some soared.
December copper added 4 cents to $3.40 per pound in New York while three-month copper was down $120 to $7,535 per tonne after London Metal Exchange inventories added 2,200 tonnes to reach a six-month high and on worries that demand from China will not expand.
Inventories in Shanghai are also expected to grow this week.
Aluminium were also lower after LME inventories added 5,600 tonnes to 1.168 million tonnes, falling $35 to $2,730 per tonne.
Additionally, zinc was down $50 to $1,799 per tonne, tin fell $400 to $20,150 per tonne and nickel dropped $500 to $20,500 on concerns about demand.
Lead, however, added $10 to $2,040 per tonne after going as high as $2,125 per tonne earlier in the session.
Precious metals prices were up, with December gold adding $3.10 to $837.10 per troy ounce as silver was 14 cents higher to $13.71 per troy ounce and October platinum gained $43.50 to $1,484.20 per troy ounce.
Add to Bookmarks:
Related posts to: Copper prices lower on jump in inventories
Inventories temper copper price ...
Copper losses pull other metals prices lower ...
Gold adds after falling below $800 per troy ounce ...
Base metals lower on demand, economy concerns ...
Metals prices mixed on week ...
Latest Metals News:
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 problems
China’s stimulus plan sends most metals higherPrevious: « Most metals higher on oil; silver prices decline
Next: Antofagasta forges ahead despite rising costs »
Visited 1233 times, 4 so far today