Copper rises

Print this page Posted on : 07-01-2009 by recycleinme.com

Copper rose as much as 1.7 per cent on Tuesday, rounding off a stellar first half on a surge in oil, dollar weakness and an improved economic outlook.

Copper for three-month delivery on the London Metal Exchange is up about 67 per cent in the first half, heading for its biggest half-year rise in more than two decades.

The metal used in power and construction was at $5,160 a tonne at 0919 GMT, from $5,095 at the close on Monday, having touched a session high of $5,180, its highest since June 15.

Aluminium was at $1,652 from $1,640. Zinc was at $1,582 from $1,560, while battery material lead was at $1,735 from $1,703. Tin was at $14,900 from $14,600 and nickel was at $16,000 from $15,800.

Source : Business Line