AUD 0.7782....... (0.7683)
Copper US$6069 becomes $7798 in Aussie....... ($7899)
Lead US$2043 becomes $2625 in Aussie....... ($2602)
Zinc US$2225 becomes $2859 in Aussie....... ($2858)
Tin US$15,235 becomes $21,543 in Aussie....... ($19,577)
Brackets indicate previous week's values.
Based on companies reconfirmed 2014 production guidance:
25kt of zinc = $71,475,000
6kt of lead = $15,750,000
2.5kt of copper = $19,495,000
Total = Au$106,720,000.....................($106,834,500*)
*recalculated with correct lead figure.
Please check my figures, last week I had an error in the lead calculation. My apologies.
Interesting to note how the recent significant rise of the Aussie had very little impact on the metal prices.
;-)
LME base metals close with mixed results on Fri.
Apr 18,2015
LONDON, April 17 (Xinhua) -- The base metal prices on the London Metal Exchange (LME) closed with mixed results on Friday.
Some analysts said base metal prices would rise as the oil price stabilizes, and the U.S. economy recovers and with the possibility of Chinese stimulus measures.
The three-month unofficial copper price increased 1.5 U.S. dollars, or 0.02 percent, to 6,069 U.S. dollars per tonne.
The three-month unofficial aluminium price stayed the same at 1,836 U.S. dollars a tonne.
The three-month unofficial lead price increased 1.25 U.S. dollars, or 0.06 percent, to 2,043 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 13 U.S. dollars, or 0.58 percent, to 2,225 U.S. dollars a tonne.
The three-month unofficial nickel price lost 177.5 U.S. dollars, or 1.39 percent, to 12,637.5 U.S. dollars a tonne.
The three-month unofficial tin price lost 190 U.S. dollars, or 1.23 percent, to 15,235 U.S. dollars a tonne.
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=277108
Add to My Watchlist
What is My Watchlist?