Tuesday, 21 October 2008

LME base metal prices drop on Monday

LME base metal prices drop on Monday

Base metal prices on the LME all dropped this Monday amid selling pressure. Tin price nosedived by US$675/ton to US$12,325/ton, as investors are worrying about that China’s economy will slow down. Nickel and Aluminum prices all saw declines.


Nickel price dropped by US$245/ton to US$10,555/ton
Aluminum price decreased by US$74/ton to US$2,131/ton.
Copper price also dropped by US$90/ton to US$4,720/ton.

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