Aluminium at 2-year low

Print this page Posted on : 10-25-2008 by recycleinme.com
Copper and lead were poised for their biggest weekly declines since the 1980s while aluminium dropped the most in two years as consumer demand for cars and houses crumbles amid the widening world economic slowdown.

Copper lost 7.5 per cent to $3,740 a tonne by 12:22 p.m. on the LME.

Lead for three-month delivery fell $126 to $1,161 a tonne. Aluminium tumbled $62, or 3.1 per cent, to $1,945 a tonnethe most since May 19, 2006. Zinc slid $94 to $1,106, tin dropped $1,150 to $10,850 a tonne and nickel declined $426 to $8,924 a tonne.
Source : Business Line

Latest Scrap and Metal news
Copper rises on China imports, falling stocks
Malaysia tin rises $ 230/ tonne
Nalco to sell aluminium ingots
Copper gains with improved economic outlook
Metals decline on global cues
Malaysia tin rises $ 20/ tonne
Global aluminium output declines

More Scrap and Metal news