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Metal: Metals stable on Friday with little change

Mon, 17 Oct 2011

After recent volatility, metals barely moved on the LME on Friday.

Copper was one of the main movers up to $7,515 (£4,762) at the end of last week compared to $7,347 (£4,682) on Thursday.

Aluminium was down to $2,201 (£1,395) from Thursday’s $2,209 (£1,408). Alloy was at $2,165 (£1,372) on Friday down from $2,170 (£1,383) the day before.

Lead increased to $2,027 (£1,284) on Friday from $2,013 (£1,283) a day earlier. Nickel increased to $18,750 (£11,881) from Thursday’s $18,455 (£11,761).

Tin dropped to $22,075 (£13,987) on Friday from $22,400 (£14,272) the day before. Zinc was up to $1,925 (£1,220) compared to Thursday’s $1,910 (£1,217).

Steel was unchanged at $535 but the changing exchange rate moved it down £1 to £339.   

Author: Paul Sanderson

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