Aluminium
Metals prices mixed in New York, London
by Elaine Frei
Metals prices were mixed Wednesday for both base and precious metals.
May copper added 2 cents to $3.26 per pound in New York trade, while three-month contracts on the London Metal Exchange ended the session $14 lower to $7,130 per tonne, but not before hitting a three-week high at $7,240 per tonne earlier.
Early gains were driven [...]
Gold down slightly in NY on stronger dollar
by Elaine Frei
The price of gold fell slightly in New York, hurt by a stronger dollar versus the euro on the likelihood that Thursday’s meeting of European Union policymakers will not result in an agreement to help Greece with its mounting debt problems.
The gains by the dollar made gold look less interesting as an investment, sending the [...]
Copper prices up after last week’s declines
by Elaine Frei
Copper prices saw gains Monday on bargain buying after last week’s declines, which sent the price of copper 20 percent lower than its year-to-date peak right after the beginning of January.
March copper added 6 cents to $2.91 per pound in New York trade, while three-month copper on the London Metal Exchange gained $185 to $6,450 [...]
Copper, other metals continue price declines
by Elaine Frei
Copper prices were down significantly again Thursday as the euro fell in relation to the dollar on concerns about soaring debt in some European nations.
March copper was down 9 cents to $2.88 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing were dropped $200 to $6,390 per [...]
Copper in big declines on economic concerns
by Elaine Frei
Three-month contracts for copper on the London Metal Exchange dropped $230 to $6,590 per tonne on Wednesday, a two-and-a-half month low, as investors continued to worry about how China’s tighter monetary policy might affect demand.
Concerns also focused on the pace of worldwide economic recovery as March copper fell 12 cents to $2.97 per pound in [...]
Copper, other metals gain again
by Elaine Frei
The price of copper was up again Tuesday, helped by the recent good news on US manufacturing and the US gross national product.
March copper was up a cent to $3.09 per pound in New York trade, while three-month contracts for the metal added $29 to $6,820 per tonne on the London Metal Exchange.
Also tending to [...]
Copper gains on US data
by Elaine Frei
Copper prices rose Monday, helped by new US manufacturing data as the Institute for Supply Management reported that its manufacturing index was at 58.4 in January, up from 54.9 in December.
March copper added 3 cents to $3.08 per pound in New York trade, while three-month copper on the London Metal Exchange gained $46 to $6,791 [...]