Wednesday, 8 October 2008

LME base metal prices all drop

LME base metals prices all dropped this Monday to the unstable economic situation.

Aluminum price traded as low as US$2,250/ton, down by US$89/ton.
Nickel price dropped by US$850/ton to US$14,300/ton, touching its lowest since January 2006.
Copper price dropped by US$450/ton to US$5,560/ton.
Zinc price declined by US$46/ton to US$1,549/ton.
Lead price decreased by US$85/ton to US$1,635/ton.
Besides, Tin price decreased by US$800/ton to US$16,200/ton.

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Operation in Iron Ore Mine