Nickel up as base metals are mixed
by Elaine Frei
The price of three-month nickel was up $300 to $11,700 per tonne in late afternoon trade in London Wednesday on the possibility that production cuts will tighten supplies.
Copper prices were also higher as March copper added 1 cent to $1.50 per pound in New York and three-month copper gained $60 to $3,370 per tonne on the London Metal Exchange.
Other base metals prices were mixed as aluminium added $40 to $1,380 per tonne but zinc dropped $1 to $1,144 per tone and tin was down $55 to $11,445 per tonne.
Prices for precious metals was also mixed on the session.
April gold was $11.40 lower to $890 per troy ounce as some investors sold their stocks of the metal after prices rose above the $900 level on Monday and Tuesday.
Gold also declined as its demand as a safe haven declined on higher equities markets.
March silver was down 21 cents to $11.96 per troy ounce, but April platinum added $4.70 to 4961.50 per troy ounce in afternoon trade in New York.
Related posts to: Nickel up as base metals are mixed
Gold hither, base metals mixed on session ...
Metals prices end week mixed ...
Metals prices mixed in London, New York ...
Metals prices mixed on weak dollar ...
Base metals prices mixed at week’s close ...
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 York
Previous: « Copper prices drop in London, New York
Next: Lihir Gold reports 26% rise in annual production »
Visited 4969 times, 1 so far today