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Monday May 06, 2024

Copper drops

By REUTERS
May 19, 2018

Manila : LME copper dropped 0.2 percent to $6,869 a tonne following a two-day gain. In Shanghai, the most-traded July copper contract on the Shanghai Futures Exchange rose 0.4 percent to 51,280 yuan ($8,051) a tonne.

London aluminium futures slipped for a third straight session on Friday as inventories increased, easing worries over a supply shortage in the aftermath of U.S. sanctions on major Russian producer Rusal. On-warrant aluminium stocks in warehouses certified by the London Metal Exchange - inventories that are not earmarked for delivery - surged by 153,075 tonnes or 18 percent on Wednesday, LME data showed on Thursday.

Three-month aluminium on the London Metal Exchange was down 0.7 percent at $2,277 tonne, as of 0331 GMT, not far above Thursday´s two-week low of $2,248.50.