Thursday, May 03, 2007

A continued nationwide strike among miner in Peru, as well as strong demand from the US and Europe, moved copper prices higher on Thursday.

The LME reports further decline in copper inventories. Stocks have dropped by nearly 30,000 tonnes since the beginning of April. At 2.46 pm, LME copper for three-month delivery was up at 8,015 usd a tonne against 7,745 usd at the close Friday.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)