All Posts Tagged With: "aluminum"

Base Metals Plummet, Weakness in Europe Suggests Recession is Spreading

The base metals were all in the red on Tuesday. Copper was off sharply in the pre-dawn hours, rallied during New York morning trading, but then faded again to finish at $3.4691/lb., down 9 2/3 cents.

Base Metals Mixed, BHP, Rio to Trade Numbers as They Jockey for Position

The base metals were mostly higher on Monday. Copper moved higher, finishing at $3.5657/lb., up nearly 5 cents from Friday. Nickel also gained, closing at $9.526/lb., up 15 cents. Zinc traded spottily, ending little changed at $0.819/lb. up three-quarters of a cent.

Base Metals in a Funk Again

The base metals were all well into the red on Friday. Copper was off steeply in the pre-dawn hours, leveled off, but then caught another downdraught late in the day and finished just off its intraday low at $3.517/lb., down 6¾ cents.

Base Metals Rally Strongly

The base metals were all off to the races on Thursday. Copper started up in the pre-dawn hours and never quit, finishing just off its intraday high at $3.5849/lb., up more than 15½ cents.

Nickel Continues Strong Upmove, but Zinc seen Struggling on Supply Excess

The base metals were mixed on Wednesday. Copper rose until just before the noon hour, cresting above $3.51, then hit a sudden vicious selloff that plunged it into negative territory, finishing at $3.4293/lb., down nearly 4½ cents.

Base Metals Show Strength

The base metals were all in positive territory on Tuesday. Copper noodled around unchanged until mid-morning, when it took off and climbed steeply, then held to finish just off its intraday high at $3.4736/lb., up nearly 10½ cents.

Base Metals Escape Sell-Off

The base metals were mixed in undramatic trading on Friday. Copper bottomed late in the pre-dawn hours, but moved steadily up from there to regain positive territory, finishing near its intraday high at $3.3716/lb., up two-thirds of a cent.

China Points the Way to Profits as the New Global Manufacturing Leader

There’s more bad news for those of you who are worrying about the United States’ global geo-strategic position. According to a recent report, starting next year, Chinese manufacturing output will exceed that of the United States.

Base Metals Largely Pummeled

The base metals mostly took another hosing on Monday. Copper held up until the late predawn hours, but tumbled from there straight through the day, finishing at its intraday low of $3.3553/lb., down more than 6¾ cents.

Base Metals All Lose

It was another bad day for the base metals Friday as copper, nickel, aluminum, and lead all reversed their gains of the previous day’s session and zinc continued its downward spiral. Copper was hammered all day long, ending the damage only at the closing bell. The metal finished at $3.4234/lb., down over 11 cents.

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