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Metal: Aluminium up as copper and other metals fall on LME

Tue, 26 Jul 2011

Aluminium was the only metal to gain on the LME on Monday.

The metal was up to $2,603 (£1,597) for three-month delivery, which was higher than the $2,577 (£1,580) it settled at on Friday.

Copper continued to fall closer to the £5,900 level finishing at $9,642 (£5,917) down from $9,718 (£5,960) on Friday.

Lead was at $2,681 (£1,645) on Monday from $2,725 (£1,671) at the end of last week. Nickel settled at $23,800 (£14,605) yesterday, compared to $24,100 (£14,781) on Friday.

Tin closed at $28,100 (£17,243) from $28,350 (£17,387) on Friday. Zinc traded at $2,456 (£1,507) compared to $2,465 (£1,512) on Friday.

Steel remained unchanged.   

Author: Paul Sanderson

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