Propurchaser: Metals on the rise
July 28, 2010
Industrial metals continued to make gains on Monday, July 26, lifted by a weaker greenback and better-than-expected US home sales data.
In New York, copper for September delivery gained 4.2 cents (1.3 percent) to close at $3.2230 per pound.
In London, copper for delivery in three months rose 1.7 percent to close at $3.2423 per pound.
Nickel climbed $445 (2.2 percent) to close at $20,795 per metric ton ($9.43 per pound).
Aluminum closed up $26 (1.3 percent) at $2,056 per metric ton (93.3 cents per pound).
And zinc gained $48 (2.5 percent) to close at $1,953 per metric ton (88.6 cents per pound).
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