Please use symbol entry at top right of page to search

METALS-London base metal prices ease after strong rally

HANOI, Aug 12 (Reuters) - Most London base metal prices eased on Friday, taking a breather from strong rallies in the previous session on easing worries over demand.

Three-month copper on the London Metal Exchange eased 0.2% to $8,160 a tonne as of 0206 GMT, hovering around a six-week high.

U.S. inflation data released earlier this week was weaker than expected and raised hopes of less aggressive rate hikes in the world's biggest economy, leaving room for more growth and metals demand.

LME tin climbed 0.5% to $25,500 a tonne, lead nudged up 0.2% to $2,203 a tonne, while zinc slid 1.2% to $3,643.50 a tonne.

Meanwhile, Shanghai copper and nickel prices jumped, partly due to depleting exchange inventories.

The most-traded September nickel contract on the Shanghai Futures Exchange rose 4.1% to 185,020 yuan ($27,431.10) a tonne.

ShFE copper gained 0.9% to 62,680 yuan a tonne, zinc steadied at 25,165 yuan a tonne, aluminium dipped 0.4% to 18,665 yuan a tonne.

For the top stories in metals and other news, click or

($1 = 6.7449 yuan) (Reporting by Mai Nguyen; Editing by Sriraj Kalluvila)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Search News

Filter Results

Publication Date
  • All

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.