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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Base metals see more price declines

Posted on 21 November 2008

From Metal Markets: Demand concerns sent base metals prices lower again Thursday. March copper was down 4 cents to $1.57 per pound in afternoon trade in New York while three-month copper fell $110 to $3,480 per tonne in London on inventories in London Metal Exchange warehouses that have increased by nearly 40,000 tonnes just since the beginning of November.

Aluminium and lead, both used in the manufacture of automobiles, were also hurt by uncertainties about the soundness of US automakers….. Full Article: Source


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