This morning in metals news: copper on the London Metal Exchange (LME) is hanging steady, zinc pulled back after hitting a two-week high and General Electric (GE) announced plans to build the world’s largest laser-based powder bed metal 3-D printer.
No Movement for Copper
A stronger U.S. dollar put a cap on gains for LME copper, as the metal’s price didn’t show much movement Tuesday, Reuters reported.
The U.S. dollar hit a three-week high against the yen after a Federal Reserve official said inflation should rise alongside wages — “reinforcing expectations for the Fed to keep raising interest rates,” according to Reuters.
Zinc Falls After Two-Week Peak
Zinc prices have been steadily climbing of late, with the metal hitting a two-week high yesterday. That has pulled back a bit, partly as a result of questions about Chinese demand, Reuters reported.
“You’ve got some news with a bullish tone, so that’s supporting the market, but I don’t know how sustainable this will all be,” Gianclaudio Torlizzi, partner at the T-Commodity consultancy, told Reuters.
LME zinc fell by 0.4%, according to the report.
GE Makes 3-D Printer Announcement
Say hello to ATLAS.
That’s the name of the new metal 3-D printer GE announced it is building, a printer that will be the world’s largest laser-based power bed metal 3-D printer.
GE made the announcement at the Paris Air Show, according to 3D Printing Industry.
Per 3D Printing Industry, the printer has a build volume of 1 meter cubed.