Copper Futures Decline on London Metal Exchange; Zinc Climbs
By Chanyaporn Chanjaroen
Nov. 22 (Bloomberg) -- Copper declined on the London Metal Exchange, failing to go back to $7,000 a metric ton where it last traded Nov. 10. All other LME-traded contracts rose.
Copper for delivery in three months on the LME dropped $12, or 0.2 percent, to $6,968 a metric ton as of 8:45 a.m. local time. The contract traded as high as $6,980 a ton.
Aluminum added $3 to $2,681 a ton, nickel increased $100, or 0.3 percent, to $31,400 and lead rose 0.8 percent to $1,555 a ton. Tin advanced $50 to $10,000 and zinc was $55, or 1.3 percent, higher at $4,345 a ton.
To contact the reporter on the story: Chanyaporn Chanjaroen in London at [email protected]
Last Updated: November 22, 2006 03:55 EST
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