Copper was holding steady on the LME on Thursday morning close to its newly set all-time highs in a firm industrial metals complex, with heavy investment fund flows attracted to the red metal by the conclusive upside break achieved earlier.
Copper, as high as $8,966 earlier, traded at $8,915 per tonne, up $155 from the previous close. Stocks fell a net 1,000 tonnes to 362,950 tonnes, the lowest since October 21, 2009.
Aluminium climbed to $2,475, up $27 and looking to challenge recent six-month highs just above $2,490. Stocks fell 7,225 tonnes to 4.255 million tonnes, the lowest since June 8, 2009. Lead business at $2,630 was up $26, having earlier hit $2,643.75, an 11-month high.
Zinc climbed to $2,560 from $2,522 after stocks fell a net 500 tonnes to 631,750 tonnes. Nickel business at $24,385 was up from yesterday's $25,155, although inventories rose again. Stocks jumped 282 tonnes to 130,116 tonnes, the highest since June 16.
Copper, as high as $8,966 earlier, traded at $8,915 per tonne, up $155 from the previous close. Stocks fell a net 1,000 tonnes to 362,950 tonnes, the lowest since October 21, 2009.
Aluminium climbed to $2,475, up $27 and looking to challenge recent six-month highs just above $2,490. Stocks fell 7,225 tonnes to 4.255 million tonnes, the lowest since June 8, 2009. Lead business at $2,630 was up $26, having earlier hit $2,643.75, an 11-month high.
Zinc climbed to $2,560 from $2,522 after stocks fell a net 500 tonnes to 631,750 tonnes. Nickel business at $24,385 was up from yesterday's $25,155, although inventories rose again. Stocks jumped 282 tonnes to 130,116 tonnes, the highest since June 16.
Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them. |
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