Firm dollar drags copper
|
|
|
Copper fell on Thursday for a second straight day on a resurgent dollar, investor caution over the euro zone sovereign debt crisis and worries about growth in big metals consumer China.
Copper has fallen 23 per cent this year. Three-month copper on the London Metal Exchange was down 0.7 per cent at $7,410 a tonne.
Three-month aluminium was down 0.4 per cent at $1,992 Western world unwrought aluminium stocks rose to 1.456 million tonnes in November compared with a revised 1.406 million in October.
Tin, which has fallen around 44 per cent since a record $33,600 hit in April, was $18,999 ($18,600); Zinc was $1,824 ($1,810.5), lead was $1,975 ($1,960) and nickel was $18,101 ($17,900).
|
|
|
|
Source : Business
Line
|
|
|
|
|
|
RecycleINme.com.
All Rights Reserved.