Copper declines in LME trade

Print this page Posted on : 09-01-2010 by recycleinme.com

London, Aug. 31

Copper fell on Tuesday as nervousness over the pace of recovery reigned ahead of a slew of key US data due this week, but losses were limited as investors bet the Federal Reserve will stimulate growth.

Benchmark copper for three-month's delivery on the London Metal Exchange traded at $7,390 a tonne at 09:48 GMT from a close of $7,459 on Friday.

Aluminium, used in transport and packaging, was at $2,060.50 a tonne from $2,058 on Friday.

Tin was at $21,250 from $21,640, and nickel was at $20,750 from $21,050. Zinc was at $2,071.50 from $2,092, while battery material lead was at $2,058 from $2,090.

Source : Business Line