Base Metals Roundup: Japan Copper Price the Biggest Gainer

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Current Copper Prices

With a 3.4 percent increase over the past day, the Japanese copper cash price was the biggest mover on Monday, August 5. After a couple of days of improving prices, US copper producer prices held steady.

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Chinese copper prices were mixed for the day. The price of Chinese copper wire finished the market day up 0.3 percent per metric ton. Following a two-day rise, the price of Chinese copper bar flattened. The cash price of Chinese copper flattened as well after two days of improvement. Chinese bright copper scrap saw little change in its price on Monday.

On the LME, the 3-month price of copper inched up 0.4 percent.The cash price of primary copper finished the market day on the LME up 0.3 percent per metric ton.

Current Aluminum Prices

With a decline of 0.8 percent on Monday, August 5, the Indian aluminum cash price recorded the biggest decline of the day.

On the LME, the cash price of primary aluminum fell 0.4 percent to $1,769 per metric ton. The aluminum 3-month price saw a 0.2 percent decline on the LME to $1,817 per metric ton.

Chinese aluminum prices closed flat for the day.

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