All Posts Tagged With: "Nickel Prices"

Base Metals Savaged Again, but Aluminum Hanging In

The base metals nearly all took a thrashing on Wednesday. Copper peaked at the New York open, but sagged with only a couple of feeble rallies through the day, finishing at $2.4025/lb., down 19½ cents. Nickel was crushed, falling below the $6 mark around mid-morning and failing to re-take the level, closing at $5.8173/lb., down 60 cents.

Base Metals Mixed, Copper Rises as Buck Declines

The base metals were mixed on Tuesday. Copper was up, bottoming at $2.55 in the pre-dawn hours, then moving sharply higher to mid-morning, before falling off again to finish at $2.5976/lb., up 5 cents. Nickel started the day much lower, then traded sideways through a tight range of about 10 cents, closing at $6.4168/lb., down 47¼ cents. Zinc dropped off, ending at $0.6898/lb., down better than 3 cents.

Industrial Metals Savaged, Copper has Worst Quarter on Record

The base metals were all in the red on Monday. Copper was off sharply pre-dawn, rallied at the beginning of the New York day, but then fell again to finish at its intraday low of $2.5478/lb., down nearly 13 cents from Friday. Nickel was down consistently throughout the day, closing at $6.8697/lb., down 51¾ cents.

Base Metals Rally Modestly, Bailout has At Least that Much Positive Effect

The base metals were all in positive territory on Friday. Copper rallied through the mid-morning of the New York day, peaking above $2.75, before easing but still finishing in the black at $2.6757/lb., up 4 cents. Nickel was sharply higher in the pre-dawn hours, but held a good part of its gains through the day, closing at $6.8697/lb., up 19¼ cents.

Aluminum Battered by Slumping Auto Sales

The base metals were all slammed on Thursday. Copper held steady until the New York open, then headed straight down for the rest of the day, finishing at its intraday low of $2.636/lb., down 17 cents. Nickel also plunged, but started earlier and fell more steeply, closing at $6.6776/lb., down 36½ cents.

Low Base Metal Prices Predicted in Recessionary Environment

The base metals were mixed on Tuesday. Copper fell below $2.80 in the pre-dawn hours, but then righted itself, managing to claw its way back into positive territory at $2.9036/lb., up better than a penny and a half. Nickel dropped below $7 early, rallied back into the mid-morning, but then sagged again to close at $6.9642/lb., down more than 24 cents.

Base Metals Spin Wheels, Weak Home Sales Hurt Copper

The base metals were mixed on Tuesday. Copper pushed higher, reaching $3.22 in the pre-dawn hours, but then toppled through the New York day, just coming off its intraday lows to finish at $3.1307/lb., down more than 4¾ cents.

Base Metals Ride Higher on Paulson’s Back

The base metals were mostly in positive territory on Monday. Copper, up slightly during the pre-dawn hours, moved sharply higher through the New York day, only easing off its intraday highs late and finishing at $3.3162/lb., up 10¾ cents from Friday. Nickel had a banner day, up steadily with only minor setbacks, to close at its intraday high of $7.9394/lb., up 33 1/3 cents.

Base Metals Little Changed, China Copper Demand Slows

The base metals were mixed again on Thursday. Copper shot up from the pre-dawn hours to the New York open but that’s where it put in its high for the day at $3.17, giving up its gains and then some, and finishing at $3.0923/lb., down more than a half-cent.

Base Metals Steady

The base metals mostly posted slight gains on Wednesday. Copper was at the low end of a 4-cent range for most of the day, until a late morning rally pushed it into the black, with a finish at $3.1402/lb., up more than 2¾ cents.

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