LME base metal prices surge on Thursday
Metal Recycling News | 2012-01-27 00:31:38
Base metal prices at the London Metal Exchange rose for a second day on Tuesday as a pledge by the U.S. Federal Reserve to keep interest rates low bolstered investor expectations that demand for commodities will increase.
By Paul Ploumis
LONDON (Scrap Monster): Base metal prices at the London Metal Exchange rose for a second day on Tuesday as a pledge by the U.S. Federal Reserve to keep interest rates low bolstered investor expectations that demand for commodities will increase.
LME Price Highlights:
--Aluminium Alloy advanced 1.36% to $2079 a metric ton
--Aluminium advanced 2.1% to $2231.50 per metric ton
--Copper gained 3.44% to $8555 a metric ton
--Lead gained 3.71% to $2276.50 per metric ton
--Nickel advanced 4.09% to $21345 a metric ton
--Tin gained 6.04% to $23325 per metric ton
--Zinc advanced 3.96% to $2178 a metric ton
--Steel dipped 0.38% to $517 per metric ton
The LME metal prices in US $ per metric tonne as on January 24,2011. 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 | 2079.00 | 2231.50 | 8555.00 | 2276.50 | 21345.00 | 23325.00 | 2178.00 | 517.00 |
Cash seller | 2080.00 | 2232.00 | 8560.00 | 2277.00 | 21350.00 | 23330.00 | 2178.50 | 519.00 |
3 M buyer | 2105.00 | 2262.00 | 8569.00 | 2299.00 | 21445.00 | 23350.00 | 2182.50 | 515.00 |
3 M seller | 2110.00 | 2263.00 | 8570.00 | 2300.00 | 21450.00 | 23400.00 | 2183.00 | 525.00 |
