LME Copper continues to slip as stimulus rally sputters

LONDON (Scrap Monster): London Metal Exchange (LME) copper fell for a second straight session on Tuesday as a rally in the wake of fresh U.S. stimulus began to splutter, with traders from top metals consumer China unwilling to chase prices that last week hit the highest since May.

All other metal prices also continued negative trend on LME market on Tuesday. LME nickel, which was the star performer yesterday, declined by 0.86% to $17795 per metric ton.

LME Price Highlights:

--Aluminium alloy declined 3.3% to $1990 a metric ton

--Aluminium declined 0.43% to $2152 per metric ton

--Copper fell 0.83% to $8223 a metric ton

--Lead dipped 0.42% to $2233 per metric ton

--Nickel declined 0.86% to $17795 per metric ton

--Tin declined 1.5% to $21300 per metric ton

--Zinc dipped 0.21% to $2049 a metric ton

– Steel dipped 0.62% to $318 per metric ton

The LME metal prices in US $ per metric ton as on September 18, 2011. The figures in brackets refer to prices that prevailed on the previous day.