Copper, aluminium inventories continue to climb
by Elaine Frei

Base metals prices were mixed Wednesday as copper and aluminium inventories in London Metal Exchange warehouses advanced again.
Three-month copper added $19 to $3,621 per tonne in London after going as low as $3,570, a three-year low, while December copper added less than a cent to $1.66 per pound in New York.
Inventories for the metal used in home construction among other industrial uses added 4,625 tonnes on the session to 270,100 tonnes, bringing gains just since the beginning of November to over 32,200 tonnes.
Meanwhile, aluminium stockpiles in LME warehouses have reached 1.56 million tonnes, 15 days worth of global use, sending three-month contracts $23 lower to $1,925 per tonne.
Nickel was down $225 to $10,500 per tonne while tin fell $450 to $13,700 per tonne but lead was $30 higher to $1,300 per tonne and zinc gained $40 to $1,150 per tonne.
Among precious metals, December gold was down $15.30 to $717.50 per troy ounce in New York while December silver fell 32 cents to $9.49 per troy ounce and January platinum dropped $1.50 to $825.10 per troy ounce.
Add to Bookmarks:
Related posts to: Copper, aluminium inventories continue to climb
Gold prices continue to climb ...
Gold falls 1.1 percent on New York session ...
Lead higher on data, new export taxes in China ...
Copper prices climb on stockpile decline ...
Metals prices decline on session ...
Latest Metals News:
Copper up in London; inventories fall, cancelled warrants rise
Copper gains on US jobs data, China comments
Copper up on weaker dollar
Copper prices climb after Chile quake
Metals prices mixed in New York, London
Gold down slightly in NY on stronger dollar
Copper prices up after last week’s declines
Copper, other metals continue price declines
Copper in big declines on economic concerns
Copper, other metals gain againPrevious: « Alcoa delays expansion at Wagerup and cuts production
Next: Copper pares gains on US retail data »
Visited 3828 times, 4 so far today