Arab Today, arab today copper prices rise with prospect of increasing us demand
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Copper prices rise with prospect of increasing US demand

Arab Today, arab today

Arab Today, arab today Copper prices rise with prospect of increasing US demand

Copper
London - XINHUA

The base metal prices on the London Metal Exchange (LME) mostly closed higher on Friday.
Copper prices climbed after a report showed the U.S. was showing the fastest employment growth since 1999, supporting the outlook that the demand for metals would increase.
The U.S. unemployment rate edged down to a six-year low of 5.8 percent from 5.9 the previous month, the country's Labor Department said Friday.
Copper also climbed as the U.S. dollar fell, on the expectation that the Federal Reserve would keep interest rates low until it saw additional signs of economic growth.
The three-month unofficial copper price went up 53 U.S. dollars, or 0.80 percent, to 6,694 U.S. dollars per tonne.
The three-month unofficial aluminium price increased 2 U.S. dollars, or 0.10 percent, to 2,074.5 U.S. dollars a tonne.
The three-month unofficial lead price spiked 26 U.S. dollars, or 1.30 percent, to 2,027 U.S. dollars a tonne.
The three-month unofficial zinc price increased 24 U.S. dollars, or 1.08 percent, to 2,243 U.S. dollars a tonne.
The three-month unofficial nickel price lost 12.5 U.S. dollars, or 0.08 percent, to 15,425 U.S. dollars a tonne.
The three-month unofficial tin price increased 287.5 U.S. dollars, or 1.45 percent, to 20,125 U.S. dollars a tonne.

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