Copper rebounds: nickel in ranges

Print this page Posted on : 07-31-2007 by recycleinme.com

Copper prices bounced on Monday as the spotlight switched to tight supplies and equities firmed, but fears about economic and demand growth could return to spook the market.

Copper for delivery in three months on the London Metal Exchange at 1000GMT was up at $7,800/7,810 a tonne from $7,750 on Friday, when it slid to $7,705, the lowest since July 17.

Zinc was the biggest gainer, up 1.2 per cent at $3,495/3,505 a tonne. Aluminium was steady at $2,750/2,755.

Nickel was at $30,450/30,550 a tonne from $30,500 on Friday, lead was at $2,985/3,005 from $2,970 and tin was at $15,500/15,600.

Source : Business Line