Base Metal Update: LME Copper Bounces Up as Aluminum Prices Languish

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Copper Prices Break Out of Funk

Following a two-day decline on the LME, the copper 3-month price climbed up 0.6 percent to end at $7,759 per metric ton on Oct. 31, 2012 on our copper price index. Following a 0.5 percent rise on Wednesday, the primary copper cash price closed on the LME at $7,759 per metric ton.

today's copper prices - MetalMiner IndXFollowing a two-day drop, the prices of US copper producer grade 102, 110 and 122 increased by 0.2 percent yesterday. The Japanese copper cash price remained essentially flat.

Aluminum Prices Still Slipping

The aluminum cash price closed up Oct. 31, 2012 at $1,884 per metric ton on the index, halting two days of weakening prices on the LME with a 0.6 percent shift. After falling for two days, the aluminum 3-month price rose 0.6 percent on the LME to $1,912 per metric ton.

exact aluminum prices - MetalMiner IndXThe cash price of primary Indian aluminum saw a 0.2 percent decline.

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