Copper, Nickel Fall After Rise to Multi-Month Highs-Shanghai Metals Market

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Copper, Nickel Fall After Rise to Multi-Month Highs

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

MANILA, Aug. 6 -- Copper and nickel fell sharply on Thursday, after rising to multi-month peaks in the previous session, as weak U.S. data raised concerns a global recovery from the recession may be slower than hoped.

    Three-month copper on the London Metal Exchange MCU3 slid 2.9 percent to $6,020 a tonne by 0250 GMT, after rising as high as $6,235 on Wednesday, its peak since early October.

    LME nickel MNI3 fell $800 to $19,650 a tonne, after hitting $20,450 in the previous session, a level last seen in early September.

    (Source: Reuters)

 

Copper, Nickel Fall After Rise to Multi-Month Highs

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

MANILA, Aug. 6 -- Copper and nickel fell sharply on Thursday, after rising to multi-month peaks in the previous session, as weak U.S. data raised concerns a global recovery from the recession may be slower than hoped.

    Three-month copper on the London Metal Exchange MCU3 slid 2.9 percent to $6,020 a tonne by 0250 GMT, after rising as high as $6,235 on Wednesday, its peak since early October.

    LME nickel MNI3 fell $800 to $19,650 a tonne, after hitting $20,450 in the previous session, a level last seen in early September.

    (Source: Reuters)