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Metals easing down as market fears continue

Date: Fri, 18 Nov 2011 | Author: Paul Sanderson

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Fears over the eurozone are continuing to push most metals down in price.

With confusion over what will happen in Italy and Greece to solve their woes, and potentially Ireland, Spain and Portugal, commodity markets are showing nervousness.

As a result, three month copper was down to $7,525 (£4,771) on Thursday from $7,619 (£4,818) a day earlier.

Aluminium sunk a little to $2,105 (£1,335) from Wednesday’s $2,118 (£1,339). Alloy dropped to $1,990 (£1,262) on Thursday from $2,020 (£1,277) the day before.

Lead eased down a touch to $1,999 (£1,268) yesterday from $2,003 (£1,267) on Wednesday. Nickel increased to $17,830 (£11,306) from Wednesday’s $17,745 (£11,221).

Tin was down to $21,200 (£13,442) on Thursday from $21,395 (£13,529) the day before.  Zinc edged up a little to $1,921 (£1,218) from Wednesday’s $1,917 (£1,212).

Steel was down to $525 (£333) from $530 (£335) on Wednesday. 

Category: Recycling
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