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Posts Tagged ‘ Codelco ’

Base Metals Mostly Stabilize

Oct 24th, 2008 | By Doug Casey | Category: Financial News

The base metals were mixed on Thursday. Copper went on a wild ride, rising and falling sharply through a 10-cent range before settling little changed at $1.8571/lb., down just a penny.



Base Metals Fall

Jul 25th, 2008 | By Doug Casey | Category: Financial News, Gold Market

The base metals had a uniformly terrible day Thursday, as spot prices for copper, nickel, zinc, aluminum, and lead all tumbled. Copper dropped quickly throughout the day’s trading and finished down 6 cents, at $3.6968/lb, despite a mid-morning rally. This represented a six-week low in copper prices.



Base Metals Mostly Sharply Higher

May 17th, 2008 | By Doug Casey | Category: Gold Market

Outside of nickel, the base metals were all on fire on Friday. Copper rose straight from the pre-dawn hours until the late morning, only then coming off its intraday highs to finish at $3.866/lb., up nearly 8 cents.



Industrial Metals Mostly Higher

May 14th, 2008 | By Doug Casey | Category: Gold Market

The base metals were mostly higher on Tuesday. Copper pushed higher in the pre-dawn hours, but then dropped in New York, rallying slightly at the end to finish at $3.7897/lb., down a bit less than a penny.



Base Metals All in the Tank Again

May 9th, 2008 | By Doug Casey | Category: Gold Market

The base metals were all in the red on Thursday. Copper backed down for a second straight day, dropping from the pre-dawn hours to late morning, after which it recovered slightly to finish at $3.844/lb., down 4¾ cents.



Base Metals Sag

May 8th, 2008 | By Doug Casey | Category: Gold Market

The base metals were all in the red on Wednesday. Copper couldn’t hold on to Tuesday’s gains, as it fell in fits and starts through the day, finishing at $3.8915/lb., down 4 cents.



Base Metals Mostly Higher

May 7th, 2008 | By Doug Casey | Category: Gold Market

The base metals were mostly in positive territory on Tuesday. Copper revved up after the LME holiday, meandering up and down through about a 4-cent range yesterday, before settling with a nice gain at $3.9316/lb., up nearly 6 cents from Friday.



Base Metals Rebound

May 3rd, 2008 | By Doug Casey | Category: Gold Market

The base metals were mostly higher on Friday. Copper was down in the pre-dawn hours, but took off once New York trading began and pushed steadily higher, only retreating a little after noon to finish at $3.8731/lb., up 8 2/3 cents.



Base Metals React Little to the Rate Cut

May 1st, 2008 | By Doug Casey | Category: Gold Market

The base metals were mixed on Wednesday. Copper bottomed in the pre-dawn hours, then was up through most of the day, finishing at $3.9472/lb., up almost 2¼ cents.



Base Metals Slide

Apr 30th, 2008 | By Doug Casey | Category: Gold Market

The base metals were all in the red on Tuesday. Copper held up until New York opened, then dipped sharply and never regained the lost ground, finishing at $3.9253/lb., down 4¼ cents.