Tuesday, May 15, 2007

Copper rallied on Tuesday on stronger than anticipated demand from China.

China's imports of copper and copper products from January through April are estimated at 1.1 million metric tons.

China's imports of refined copper, anode and copper alloy in April stood at 304,672 tons.

That was down by 6.5 percent from March's record of 307,740 tons but exceeded expectations.

Nickel prices gained $1,800 to $50,850 a ton

Zinc traded down by $19 at $3,936 and Lead moved up by $9 to $2,084 a ton

Zinc is currently up almost 40 percent since early February.

No comments: