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Copper Climbs on Shrinking Stockpiles, U.S. Outlook: LME Preview
Dec 17,2011 10:44CST
industry news
Source:SMM
Copper advanced, trimming weekly declines, as inventories monitored by the London Metal Exchange headed for an 11th weekly decline and other factors.

Dec.16 (Bloomberg) --Copper advanced, trimming weekly declines, as inventories monitored by the London Metal Exchange headed for an 11th weekly decline and better-than-expected U.S. jobless claims and manufacturing data boosted demand outlook.

Market News:

Metals News:

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Metal Prices:

-- Copper jumped 2 percent to $7,355 a metric ton by 7:35 a.m.
on the London Metal Exchange. Relative Strength Index 43.06.
-- Aluminum gained 1.6 percent to $2,007.25 a ton. RSI 41.2.
-- Zinc advanced 2.7 percent to $1,895 a ton. RSI 43.3.
-- Lead rose 2 percent to $2,015 a ton. RSI 45.7.
-- Nickel gained 1 percent to $18,065 a ton. RSI 50.4.
-- Tin jumped 1.5 percent to $18,850 a ton. RSI 34.3.

Other Markets:

                     Last           % Change       % YTD
U.S. Dollar Index   80.217           -0.02           1.5
Crude oil           $94.17            0.3            3.0
Gold                $1,593.84         1.5           12.2
MSCI World Index    1,144.52          0.2          -10.6

Economic Events:

                                        Forecast  Prior     Time
                                                        (London)
U.S. CPI MoM                        NOV   0.1%    -0.1%   13:30

 

copper;LME preview

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