US copper rises

24 Mar, 2011

Copper rose on Tuesday as worries about Japan's nuclear crisis eased and the dollar fell, although rising stockpiles of the metal and weak Chinese demand kept a lid on prices. On New York's COMEX, benchmark copper for May delivery settled up 2.70 cents, or 0.6 percent, at $4.3130 a lb. Aluminium ended at $2,600 a tonne from $2,570 a tonne while zinc finished at $2,331.5 from $2,280 a tonne and battery material lead closed at $2,670 from $2,645 a tonne.
Tin finished at $30,150 from a last bid of $29,650 a tonne and nickel finished at $26,350 a tonne from a close of $26,750 a tonne.

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