Copper Climbs on Shrinking Stockpiles, U.S. Outlook: LME Preview
Copper advanced, trimming weekly declines, as inventories monitored by the London Metal Exchange headed for an 11th weekly decline and better-than-expected U.S. jobless claims and manufacturing data boosted demand outlook.
Metal Prices: -- Copper jumped 2 percent to $7,355 a metric ton by 7:35 a.m. on the London Metal Exchange. Relative Strength Index 43.06. -- Aluminum gained 1.6 percent to $2,007.25 a ton. RSI 41.2. -- Zinc advanced 2.7 percent to $1,895 a ton. RSI 43.3. -- Lead rose 2 percent to $2,015 a ton. RSI 45.7. -- Nickel gained 1 percent to $18,065 a ton. RSI 50.4. -- Tin jumped 1.5 percent to $18,850 a ton. RSI 34.3. Other Markets: Last % Change % YTD U.S. Dollar Index 80.217 -0.02 1.5 Crude oil $94.17 0.3 3.0 Gold $1,593.84 1.5 12.2 MSCI World Index 1,144.52 0.2 -10.6 Economic events: Forecast Prior Time (London) U.S. CPI MoM NOV 0.1% -0.1% 13:30 To contact the reporter on this story: Maria Kolesnikova in London at email@example.com To contact the editor responsible for this story: Claudia Carpenter at firstname.lastname@example.org
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