Aluminium
Metals prices see gains on increased risk appetite
by Elaine Frei
Metals prices were higher Monday as the US dollar weakened versus the euro and on optimism that translated to more investors seeking more risk. May copper added 13 cents to $3.53 per pound in midday trade in New York, while three-month contracts on the London Metal Exchange added $256 to $7,700 per tonne after going [...]
Copper rises; other base metals prices mixed
by Elaine Frei
Base metals prices were mixed in London on Friday after the European Union agreed on a plan to help Greece out of its economic difficulties. The plan will allow loans to Greece from eurozone nations, but only as a last resort and only if all eurozone members agree before the loans are extended, while the [...]
Copper down amid mixed base metals prices
by Elaine Frei
Base metals prices were mixed Tuesday, with copper down slightly despite positive news for the metal’s prospects. May contracts for copper in New York were down less than a cent to $3.37 per pound and three-month copper fell $10 to $7,440 per tonne on the London Metal Exchange after going as high as $7,515 per [...]
Copper sees late-session gains
by Elaine Frei
Copper prices were higher in London and New York Monday, but other base metals prices were lower in London trade. April contracts for copper were up about a cent to $3.37 per pound in afternoon trade in New York, while three-month contracts on the London Metal Exchange added $15 in late trade in London to [...]
Copper higher in London, New York
by Elaine Frei
Copper prices were higher Tuesday as the US dollar weakened, after London Metal Exchange stockpiles dropped for the 10th consecutive session, and as most investors anticipated that the US Federal Reserve will hold interest rates steady for the time being and will indicate that they will probably continue to keep rates very low for the [...]
Investor concerns send copper prices lower
by Elaine Frei
Copper prices fell Monday on continued concerns by investors that China could tighten its monetary policy again soon in response to higher inflation. The worries come on the possibility that changes in policy could hurt demand for copper even though demand from China was up last week and despite analyst comments indicating that even tighter [...]
Copper, aluminium prices climb as other base metals fall
by Elaine Frei
Base metals prices were mixed Thursday, with copper up on new demand concerns and aluminium higher on an 8-month low in stockpiles while other prices fell. Three-month copper added $24 to $7,464 per tonne on the London Metal Exchange, while April contracts added 1 cent to $3.38 per pound in New York trade. The gains [...]
Copper up in London; inventories fall, cancelled warrants rise
by Elaine Frei
Copper traded about even at $3.41 per pound in New York in afternoon trade Tuesday, but it added $40 to $7,510 per tonne on the London Metal Exchange. The declines came after inventories in warehouses monitored by the LME dropped 2,700 tonnes on the session to 538,875 tonnes during the session to their lowest levels [...]
Copper gains on US jobs data, China comments
by Elaine Frei
Copper prices were up Friday, helped by better jobs data for the United States and more optimism that demand for the metal from China will not be hurt by the Asian nation’s monetary policy. The US Labor Department reported that only 36,000 non-farm jobs were lost to the economy in February, rather than the 50,000 [...]
Copper up on weaker dollar
by Elaine Frei
Copper prices were up again Wednesday as the US dollar weakened and cancelled warrants in London Metal Exchange-monitored warehouses were up, but gains were limited by a return to production of mines in Chile after stoppages due to last weekend’s magnitude 8.8 earthquake there. Additionally, demand from China remains week, hurting prices. Three month copper [...]
Copper prices climb after Chile quake
by Elaine Frei
Copper prices were higher Monday in the wake of a magnitude-8.8 earthquake which shook parts of Chile over the weekend, but prices fell back slightly once it became clear that there was little or no serious damage to Chilean copper mine from the quake, although interruptions to power supplies could hurt production, a quarter of [...]