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LME sees almost all metals up on Tuesday

Date: Wed, 20 Jul 2011 | Author: Paul Sanderson

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Copper was higher on the LME yesterday, but exchange rates brought only little gains in sterling.

In dollar terms, copper settled up at $9,779 from the $9,694 on Monday. But with the dollar getting stronger against the pound again, in sterling terms, the increase was from £6,028 on Monday to £6,065 yesterday.

Aluminium crept up to $2,512 on Tuesday from the $2,474 seen on Monday. In sterling, this meant an increase to £1,558 from £1,539 on Monday.

Lead settled at $2,762 (£1,713) up from $2,736 (£1,701) on Monday. Nickel finished at $24,000 (£14,886) again up from Monday’s $23,770 (£14,783).

Tin was at $27,550 (£17,088) on Tuesday up from Monday’s $27,145 (£16,882). Zinc was also up to $2,471 (£1,532) from Monday’s $2,429 (£1,510).

Steel was the only metal down, dropping to $570 (£354) compared to Monday’s $575 (£375).


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