Arab Today, arab today lme base metals rally on shortcovering
Last Updated : GMT 13:22:57
Arab Today, arab today
Arab Today, arab today

LME base metals rally on short-covering

Arab Today, arab today

Arab Today, arab today LME base metals rally on short-covering

London Metal Exchange
London - XINHUA

The base metals prices on the London Metal Exchange (LME) moved higher on Tuesday, with Glencore output cut lifting copper to a one-week high.

Commodity trader Glencore said Monday it will suspend 400,000 tonnes per year of production from its Katanga Mining and Mopani copper mines.

"We suspect the markets are giving the Glencore initiative a second look," INTL FCStone analyst Edward Meir told Metal Bulletin.

In the metals, the three-month unofficial copper price was up 172 U.S. dollars, or 3.34 percent, to 5,323 U.S. dollars per tonne.

In other metals, the three-month unofficial aluminium price was up 24 U.S. dollars, or 1.49 percent, to 1,630.5 U.S. dollars a tonne. The three-month unofficial lead price was up 20 U.S. dollars, or 1.20 percent, to 1,691 U.S. dollars a tonne.

Meanwhile, the three-month unofficial zinc price rose 29 U.S. dollars, or 1.63 percent, to 1,812 U.S. dollars a tonne. The three-month unofficial nickel price was up 260 U.S. dollars, or 2.66 percent, to 10,050 U.S. dollars a tonne. The three-month unofficial tin price was up 147.5 U.S. dollars, or 0.99 percent, to 15,025 U.S. dollars a tonne.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lme base metals rally on shortcovering Arab Today, arab today lme base metals rally on shortcovering

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lme base metals rally on shortcovering Arab Today, arab today lme base metals rally on shortcovering

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday