|
|
| |
|
|
Copper hits two-year peak on China growth hopes-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
8/9/2017 Copper exhibition -non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
Copper prices hit two-year peaks on Monday as soaring steel and iron ore prices in China brightened the outlook for growth and industrial demand in the world''s largest metals consumer. London Metal Exchange copper ended up 0.7 percent at $6,414 a tonne, having earlier jumped to $6,447.50, its highest since May 2015.
* ALUMINIUM PRICE: Aluminium closed up 2.8 percent at $1,964 a tonne, its highest since late May, while in Shanghai, prices hit their highest since January 2013 on prospects for shutdowns in top producer China.
* NICKEL PRICES: Stainless steelmaking ingredient nickel ended up 1.5 percent at $10,400, chasing surging steel prices in China, though gains were capped by still high levels of inventory MNISTX-TOTAL.
* ZINC PRICES: Also benefiting from the Chinese steel price surge was zinc, used mainly to galvanise steel. Prices for the metal closed 1.6 percent higher at $2,858, having earlier hit $2,890, their highest since March.
* OTHER METALS: Tin closed up 0.4 percent at $20,600 a tonne, while lead ended flat at $2,361.
-2018 China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
|
|
|
|
|
