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Metal: Metals continue to edge lower

Wed, 14 Dec 2011

The value of metals continued to move downwards as there appeared to be little evidence of the euro crisis being resolved.

Three-month copper was down to $7,618 (£4,884) on Tuesday from $7,644 ($4,885) on Monday.

Aluminium was a touch lower at $2,022 (£1,296) yesterday compared to Monday’s $2,030 (£1,297). Alloy was down to $1,900 (£1,218) on Tuesday from $1,930 (£1,233) a day earlier.

Lead was a tiny amount down yesterday to $2,095 (£1,343) from $2,107 (£1,346). Nickel increased to $18,410 (£11,803) from $18,270 (£11,676).

Tin was down to $19,550 (£12,534) from $19,800 (£12,653) while zinc dropped to $1,936 (£1,241) from $1,962 (£1,254).

Steel increased to $565 (£362) from $560 (£358).                   

Author: Paul Sanderson

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