Copper of 5-month high

Print this page Posted on : 04-06-2007 by recycleinme.com

Copper offer considered by the investment community as a good guage of economic growth, was quoted at $7,360-7,380 per tonne at 1008 GMT just below the five month high of $7,440 per tonne it hit on Wednesday. Copper stocks in LME registered warehouses stood at 178,975 tonnes on Thursday. Lead touched a new contract high of $2,015 per tonne, $3 higher than the peak it struck in Wednesday’s trading session, before slipping to a quote of $2,010-2,020. In Indonesia, mining officials have issued more operating licenses for tin miners on the island of Bangka. Tin was uncharged at $14,250-14,450, while Aluminium was $21 lower at $2,850-2,860 and zinc was down $65 at $3,410-3,420.

Source : Business Line