Most metals edge up as markets await euro summit

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Ahead of the summit that will attempt to make headway in the eurozone crisis yesterday, there were only minor upwards price changes for most metals on the LME.

Three-month copper increased to $7,835 (£5,018) yesterday from Tuesday’s $7,792 (£4,984).

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Aluminium was up a touch on Wednesday to $2,108 (£1,350) compared to $2,104 (£1,346) the day before. Alloy was unchanged on $1,975 but increased by £2 to £1,265.

Lead increased to $2,118 (£1,357) on Wednesday from $2,083 (£1,332) a day earlier. Nickel moved up a touch to $18,155 (£11,628) from $18,130 (£11,596) a day earlier.

Tin was up to $20,425 (£13,082) yesterday compared to Tuesday’s $19,945 (£12,757). Zinc increased to $2,024 (£1,296) from $2,010 (£1,286).

Steel edged up to $560 (£359) from $555 (£355).