Lead Rises to Record in London for 2nd Day on Chinese Demand; Copper Gains

(Bloomberg) -- Lead rose to a record for a second
consecutive day in London, spurred by increased demand in China,
the metal's largest user. Nickel snapped three days of losses.

Domestic lead prices in China have climbed almost 15
percent since the beginning of June because of ``strong demand
and tight supply,'' Barclays Capital said today in a report.
Prices on the London Metal Exchange will rise to $2,900 a metric
ton in the next three months, said the bank, one of 11 companies
trading on the floor of the LME.


Read more at Bloomberg Commodities News

Copper and aluminium steady ahead of options

(Reuters) - London Metal Exchange (LME) copper and aluminium were steady on Wednesday ahead of the maturity of key options.

Three-months copper was at $7,535/7,550 a tonne by 0945 GMT, down $5 against its close on Tuesday.


Read more at Reuters Africa

Copper Prices Little Changed in Asia as Recent Gains Viewed as Excessive

(Bloomberg) -- Copper prices were little changed in
Asia as recent gains on declining global inventories were seen
overdone and concern eased that labor disputes in Chile, the
world's biggest producer, may disrupt supply.

Inventories of copper tracked by the London Metal Exchange
dropped for the 12th-straight session to 123,300 metric tons, the
LME said yesterday in a daily report. Inventories in China have
fallen in the past two weeks, the Shanghai Futures Exchange said
on June 1.


Read more at Bloomberg Commodities News

Copper Rises in Asia as Global Stockpiles Decline; Zinc, Aluminum Higher

(Bloomberg) -- Copper prices rose in Asia as global
stockpiles fell the most in seven months, signaling consumption
may be stronger than expected during the northern hemisphere
summer, traditionally a weak demand period due to holidays.

Inventories of copper tracked by the London Metal Exchange
fell 2.8 percent to 123,900 metric tons, the LME said yesterday
in a daily report. That's the largest one-day drop since Oct. 17.
Stockpiles are at the lowest since Oct. 24. Inventories in China
dropped for a second-straight week, the Shanghai Futures Exchange
said on June 1.


Read more at Bloomberg Commodities News