Lead at 13-month high

Print this page Posted on : 09-04-2009 by recycleinme.com

London, Sept. 3 Copper prices climbed higher on Thursday boosted by a weaker dollar and firm equities in major consumer China, while lead hit a 13-month high on worries over Chinese smelter closures. Copper for three-month's delivery on the London Metal Exchange traded at $6,244 a tonne at 0938 GMT from a close of $6,175 on Wednesday, when the metal hit a near two-week low of $6,025. Lead traded at $2,189 a tonne from $2,111, having earlier touched $2,219.50, its highest point since early August 2008. In other metals traded, aluminium was at $1,853 a tonne against $1,846. Zinc was at $1,855 from $1,828, tin was at $14,200 from $13,950, while nickel was at $18,300 from $18,100.

Source : Business Line