Copying and distributing are prohibited without permission of the publisher

LME ASIAN WRAP: Copper retreats from 3-month high

July 30, 2010 - 05:03 GMT Location: Shanghai

KEYWORDS: LME , Asia , copper , aluminium , lead , zinc , tin , nickel

LME copper fell back in correction in early Asian trading on Friday after hitting a three-month high in officials, leading most metals lower.

Three-month copper traded as low as $7,182 per tonne down 0.8% from opening, after briefly touching a high of $7,244. Aluminium lost as much as 0.3% to $2,086 per tonne. "LME prices have been posting continuous gains, and longs are becoming cautious as a result," said an analyst in Shenzhen. Copper was pushed to a three-month high in...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Copper

Feb 8, 2012 17:01 CLOSE TO CLOSE: Base metals prices falter in LME kerb
Feb 8, 2012 16:16 India's miners fear royalty increases
Feb 8, 2012 13:38 Base metals prices climb as bullish sentiment reappears in LME officials
Feb 8, 2012 11:05 Cliveden Trading hires Wyser, Speich to handle finance, risk
Feb 8, 2012 10:47 GLENCORE/XSTRATA MERGER: More M&A ahead as Glencore and Xstrata agree merger

Comment & analysis

LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.
COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.