30 Jul 2012 Last updated at 05:08:31 GMT

LME Copper extends rally on global stimulus hopes

LONDON (Scrap Monster): London Metal Exchange (LME) copper advanced by 0.59% to $7554.50 a metric ton on Friday, buttressed by returning confidence in the euro after the European Central Bank's chief reinforced a commitment to the single currency, while focus shifted to a key U.S. Economic indicator later in the session.

All other metal prices also traded higher on Saturday except Aluminium and nickel, both declined to $1859.50 per ton and $15855 per ton respectively.

LME Price Highlights:

--Aluminium alloy rose 0.48% to $1760 a metric ton

--Aluminium declined 0.29% to $1859.50 per metric ton

--Copper rose 0.59% to $7554.50 a metric ton

--Lead advanced 2.08% to $1907 per metric ton

--Nickel declined 0.43% to $15855 per metric ton

--Tin advanced 2.71% to $18175 per metric ton

--Zinc gained 1.43% to $1834 a metric ton

--Steel gained 1.35% to $370 per metric ton

The LME metal prices in US $ per metric ton as on July 27, 2011. The figures in brackets refer to prices that prevailed on the previous day.

Metals

Aluminium Alloy

Aluminium

Copper

Lead

Nickel

Tin

Zinc

Steel

Cash buyer

1760.00
(1751.50)

1859.50
(1865.00)

7554.50
(7510.00)

1907.00
(1868.00)

15855.00
(15925.00)

18175.00
(17695.00)

1834.00
(1808.00)

375.00
(370.00)

Cash seller

1765.00
(1752.00)

1860.00
(1865.50)

7555.00
(7510.50)

1907.50
(1870.00)

15860.00
(15930.00)

18225.00
(17700.00)

1835.00
(1809.00)

385.00
(390.00)

3 M buyer

1779.00
(1770.00)

1893.00
(1897.00)

7560.00
(7511.00)

1917.00
(1878.00)

15905.00
(15965.00)

18175.00
(17695.00)

1842.00
(1815.00)

395.00
(390.00)

3 M seller

1780.00
(1775.00)

1894.00
(1898.00)

7560.50
(7512.00)

1917.50
(1880.00)

15910.00
(15970.00)

18225.00
(17700.00)

1843.00
(1815.50)

405.00
(410.00)

 

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