Copper steady on bargain hunting

Print this page Posted on : 11-10-2007 by recycleinme.com
London Metal Exchange futures were steady on Friday as consumer buying and the prospect of merger between two of the world’s leading mining companies offset worries about rising stocks.

Copper for delivery in three months eased $30 to $7,170/7,190.

On Thursday, benchmark copper dipped to $7,130, matching a low on Sept.10. Aluminium was steady at $2,638/2,643 up $8.

Zinc was down 1.3 per cent or $35 at $2,740/2,760.

Three-months lead gained $55 to $3,525/3,545, while tin eased to $16,750 /16,950, down $25 and nickel fell $250 to $32,500/32,700.

Source : Business Line

Latest Scrap and Metal news
Copper slips on worries China may tighten money
Spot rubber improves further
Malaysia tin market steady
Copper rises on China imports, falling stocks
Malaysia tin rises $ 230/ tonne
Nalco to sell aluminium ingots
Copper gains with improved economic outlook

More Scrap and Metal news