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Metal: Metals quiet as market prepares for Christmas

Thu, 22 Dec 2011

The metals markets have been stable for the last few days compared to the volatility seen for most of the year.

Three-month copper crept up to $7,425 (£4,731) on Wednesday from $7,302 (£4,671) a day earlier.

Aluminium was down just a touch to $1,980 (£1,262) yesterday from Tuesday’s $1,989 (£1,272). Alloy was priced at $1,900 (£1,211) on Wednesday from $1,898 (£1,214) the day before.

Lead increased a little to $1,960 (£1,249) from $1,950 (£1,247). Nickel moved downwards to $18,540 (£11,813) from $18,575 (£11,882).

Tin was up to $19,075 (£12,154) from $18,750 (£11,994). Zinc also increased to $1,872 (£1,180) from $1,853 (£1,185).

Steel was unchanged on $535 but fell £1 to £341.    

Author: Paul Sanderson

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