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Metal: LME metals markets quiet with only small changes

Fri, 29 Jul 2011

Recent volatility on the LME seems to have quietened down for the time being.

Three month copper closed at $9,769 (£5,984) on Thursday from $9,760 (£5,966) on Wednesday.

Aluminium finished at $2,632 (£1,612) from $2,647 (£1,618) a day earlier.

Lead settled at $2,694 (£1,650) compared to $2,715 (£1,660) on Wednesday. While nickel ended the day at £24,400 (£14,946) up from $24,140 (£14,756) the day before.

Tin finished at $28,900 (£17,703) from $28,700 (17,544) on Wednesday. Zinc was at $2,505 (£1,534) from $2,516 (£1,537) a day earlier.

Steel was unchanged on $590 (£361).            

Author: Paul Sanderson

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