Base Metals Price Update: LME Aluminum Lower, China Copper Slips

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Current Aluminum Prices

The 3-month price of aluminum experienced the biggest price decline on the daily metal price service, dropping 2.9 percent on the LME to close at $2,040 per metric ton on Jan. 16, 2013. The cash price of primary aluminum weakened by 2.9 percent on the LME, settling at $2,002 per metric ton.

exact aluminum prices - MetalMiner IndXThe cash price of primary Indian aluminum is back up, rising by 1.1 percent on Wednesday.

Chinese aluminum closed mixed yesterday. Chinese aluminum billet ended the day after a 0.3 percent drop yesterday. Following a 0.2 percent rise yesterday, the Chinese aluminum cash price closed up.

The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat.

Current Copper Prices

today's copper prices - MetalMiner IndXDropping 1.2 percent on the LME, the cash price of primary copper was the biggest mover on Jan. 16, 2013, closing at $7,970 per metric ton. The 3-month price of copper weakened by 1.1 percent on the LME, settling at $7,944 per metric ton.

After a 0.2 percent increase, the prices of US copper producer grades 102, 110 and 122 finished the day up on the MetalMiner IndX℠.

The Japanese copper cash price was unchanged.

Chinese copper prices were mixed for the day. Chinese copper bar prices saw a 0.1 percent decline. The cash price of Chinese copper saw a 0.1 percent decline as well.

today's metal prices - MetalMiner IndXAfter dropping for two days, the price of Chinese copper wire flattened. The price of Chinese bright copper scrap continues hovering in place for the fifth day in a row.

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