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Metal: Period of calm for metals, although most edge down

Tue, 20 Dec 2011

Most metals on the LME moved downwards yesterday, but the markets are not as volatile as they have been.

Copper dropped a touch to $7,300 (£4,709) yesterday compared to Friday’s $7,358 (£4,732).

Aluminium fell quite heavily t0 $1,961 (£1,265) on Monday from Friday’s $2,009 (£1,292). Alloy was down to $1,895 (£1,223) from Friday’s $1,905 (£1,225).

Lead moved lower yesterday to $1,953 (£1,260) from $1,999 (£1,285) on Friday. Nickel was the only metal to increase in price moving up to $18,380 (£11,857) on Monday from Friday’s $18,100 (£11,639).

Tin was down to $18,675 (£12,048) from $18,800 (£12,089) while zinc dropped to $1,855 (£1,197) from $1,872 (£1,203).

Steel was down to $540 (£348) from $565 (£363).             

Author: Paul Sanderson

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