Copper, Aluminium edge higher, tin down


ALUMINIUM: LME aluminium was up 2.4% at $2,268 a tonne after reaching $2,27, its highest since June 2018. (File pic shows LME storage)

LONDON: Expectations of rising demand and tight supply pushed copper prices slightly higher on Friday, although investors were cautious following tensions between Chinese and U.S. diplomats and a rapid rise in U.S. bond yields.

Benchmark copper on the London Metal Exchange (LME) was up 0.2% at $9,069 a tonne at 1730 GMT and roughly unchanged over the week.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

LME , copper tin , aluminium , prices ,

   

Next In Business News

PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal
FBM KLCI opens lower as investors book profits
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
Capital A to dispose of 100% stake in AirAsia Aviation Group, AirAsia for RM6.8bil
Meta projects higher spending, weaker revenue
Property market recovery on the horizon
Buyout proposal for Anglo American could reshape copper market

Others Also Read