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Aluminium up as copper and other metals fall on LME

Date: Tue, 26 Jul 2011 | Author: Paul Sanderson

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Aluminium was the only metal to gain on the LME on Monday.

The metal was up to $2,603 (£1,597) for three-month delivery, which was higher than the $2,577 (£1,580) it settled at on Friday.

Copper continued to fall closer to the £5,900 level finishing at $9,642 (£5,917) down from $9,718 (£5,960) on Friday.

Lead was at $2,681 (£1,645) on Monday from $2,725 (£1,671) at the end of last week. Nickel settled at $23,800 (£14,605) yesterday, compared to $24,100 (£14,781) on Friday.

Tin closed at $28,100 (£17,243) from $28,350 (£17,387) on Friday. Zinc traded at $2,456 (£1,507) compared to $2,465 (£1,512) on Friday.

Steel remained unchanged.   

Category: Recycling
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