Metals prices mixed in London, New York
by Elaine Frei
Prices were mixed Wednesday for both precious and base metals.
March copper was up 5 cents to $3.40 per pound in New York trade while three-month copper on the London Metal Exchange dropped $50 to $7,417.50 per tonne after Codelco, the state-owned copper miner in Chile, said it will put $2.3 billion into getting at new supplies at existing mines, up 12 percent from whatr it spent last year..
The miner owns around one-third of all proven reserves of copper in the world.
Other LME base metals prices were mixed, with aluminium and nickel up but lead, tin and zinc all lower on the session.
Meanwhile, among precious metals, February gold added $8.60 to $1,138 per troy ounce in New York trade, while March silver was up 15 cents to $18.40 per troy ounce, but April platinum dropped $2.60 to $1,567 per troy ounce.
Add to Bookmarks:
Related posts to: Metals prices mixed in London, New York
Metals prices end week mixed ...
Gold hither, base metals mixed on session ...
Copper mixed; sees first monthly gain since June ...
Metals prices mixed ...
Base metals prices mixed at week’s close ...
Latest Metals News:
Copper higher in London, New York Investor concerns send copper prices lower Copper, aluminium prices climb as other base metals fall 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 declinesPrevious: « Dollar, China data send copper prices higher
Next: Gold lower on stronger dollar »
Visited 1506 times, 2 so far today