Official metal prices mostly down, but end of day prices were higher

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The prices of metals surged in later trading yesterday as central banks from across the world pumped money into the ailing economy.

Three month copper reached $7,967 (£5,105), aluminium was up to $2,112 (£1,353) and nickel $17,925 (£11,487).

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However, these prices were much higher than yesterday’s official prices that were settled earlier in the day.

At that point, copper was down to $7,429 (£4,761) from $7,470 (£4,783) the day before.

Aluminium was priced at $1,987 (£1,273) down from $2,005 (£1,284) on Tuesday.  Alloy was down to $1,890 (£1,211) from Tuesday’s $1,920 (£1,229).

Lead was down to $2,007 (£1,286) on Wednesday from Tuesday’s $2,024 (£1,296). Nickel was lower at $16,925 (£10,847) from Tuesday’s $17,000 (£10,885).

Tin fell to $20,025 (£12,833) on Wednesday from $20,450 (£13,094) a day earlier. Zinc was up a touch at $1,939 (£1,243) from $1,936 (£1,240).

Steel was priced at $515 (£330) up from $510 (£327).