LME Base Metals Finished Mixed To Mostly Lower Friday
The base metals prices on the London Metal Exchange (LME) drifted and finished most lower Friday ahead of crucial Greece meeting over the weekend.
Following another round of talks Thursday, Greece has still yet to come to an agreement about how it can pay back its debt. There is another meeting scheduled Saturday.
The base metals market was disappointed by continuing Greek tragedy.
LME Copper and other base metals prices were effected after a rout in Chinese shares, along with the Greek debt concerns
Shares in China, the world’s biggest metals consumer, posted some of their worst losses in 7 years Friday.
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In the LME base metals
The 3-month unofficial Copper price was up 37, or 0.64 per cent, to 5,787/tonne.
The 3-month unofficial Aluminium price lost 16.5, or 0.96 per cent, to 1,708/tonne.
The 3-month unofficial Lead price lost 6, or 0.33% per cent, to 1,789/tonne.
The 3-month unofficial Zinc price lost 21, or 1.03 per cent, to 2,026/tonne.
The 3-month unofficial Nickel price lost 150, or 1.19 per cent, to 12,487.5/tonne.
The 3-month unofficial Tin price lost 75, or 0.50 per cent, to 14,862.5/tonne.
Have a terrific weekend.
HeffX-LTN
Paul Ebeling
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