Saturday, 1 November 2008

LME base metal prices all drop on Thursday

LME base metal prices all drop on Thursday

Base metals prices on the LME came under heavy selling pressure, continuing their steep decline on Thursday.

Copper prices tumbled by US$451/ton to US$4,200/ton,
Nickel price dropped by US$1,735/ton to US$11,905/ton.
Tin price down by US$575/ton to US$14,650/ton.

On the other metals, Zinc price dipped by US$100/ton to US$1,160/ton and Lead price decreased by US$60/ton to US$1,520/ton. Aluminum price also decreased by US$92/ton to US$2,060/ton.

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