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

Markets chaos sends metal prices reeling

Posted on 01 October 2008

From The Age: The prices of aluminium, copper and nickel slumped as investors feared the ongoing global financial crisis would sap demand for the base metals, analysts say.

On the London Metal Exchange, copper for delivery in three months fell as low as $US6,229 ($A7,828) per tonne - the lowest level since March 2007. Copper has shed 43 per cent in value since striking a record high of $US8,940 ($A11,236) per tonne three months ago. At the same time, aluminium plumbed as low as $US2,404 ($A3,021) dollars per tonne, which was last seen in March 2006….. Full Article: Source


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