copper prices on lme climbs as us consumer confidence grows
Last Updated : GMT 06:23:13
Arab Today, arab today
Arab Today, arab today

Copper prices on LME climbs as US consumer confidence grows

Arab Today, arab today

Arab Today, arab today Copper prices on LME climbs as US consumer confidence grows

Copper
London - XINHUA

The base metal prices on the London Metal Exchange (LME) closed mixed on Friday.
Copper prices rose as the U.S. consumer confidence data increased more than forecast in November, marking a seven-year high in the world's second-biggest consumer of the metal.
A measure of consumer confidence in the United States climbed to 89.4 this month, the highest level since early 2007, according to a survey from the University of Michigan and Thomson Reuters.
Besides, the U.S. retail sales rose in October, indicating the U.S. economy is on a stable track of recovery.
In October, U.S. retail sales edged up 0.3 percent from the previous month to 444.5 billion U.S. dollars, the U.S. Commerce Department said Friday.
The three-month unofficial copper price increased 20 U.S. dollars, or 0.30 percent, to 6,692.5 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 32 U.S. dollars, or 1.56 percent, to 2,025 U.S. dollars a tonne.
The three-month unofficial lead price increased 12 U.S. dollars, or 0.59 percent, to 2,037 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 9 U.S. dollars, or 0.40 percent, to 2,259 U.S. dollars a tonne.
The three-month unofficial nickel price increased 97.5 U.S. dollars, or 0.63 percent, to 15,560 U.S. dollars a tonne.
The three-month unofficial tin price lost 105 U.S. dollars, or 0.53 percent, to 19,870 U.S. dollars a tonne.

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