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Copper drops but most metals stable on LME

Date: Fri, 11 Nov 2011 | Author: Paul Sanderson

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The price of copper continues to be affected by the European economic crisis, but other metals have seen only minor price falls or even increases.

Copper fell yesterday to $7,470 (£4,680) from $7,694 (£4,812) on Wednesday.

Aluminium was up a touch on Thursday to $2,134 (£1,337) from $2,127 (£1,330) the day before. Alloy was unchanged on $2,055 but was up yesterday by £3 to £1,288.

Lead was down to $1,945 (£1,219) yesterday from Wednesday’s $1,990 (£1,245). Nickel was lower at $18,150 (£11,371) from $18,200 (£11,384).

Tin fell to $21,205 (£13,286) on Thursday from $21,750 (£13,604) a day earlier. Zinc was lower at $1,889 (£1,184) from $1,954 (£1,222).

Steel increased to $530 (£332) from $525 (£328) on Wednesday.                
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