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Metals: slight increase in the price of London copper

23/05/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Although the rise was limited due to continued uncertainty about US tariffs, copper prices in London rose slightly on Friday, supported by a weaker dollar and ready to post weekly gains.

The reference copper on the London Metal Exchange (LME) was up 0.2% to 9,516 dollars per metric ton, at 03:34 GMT. It has increased by 0.7% so far this week. Copper hits its highest level in a month thanks to signs of improving demand

Among other London metals, aluminum rose 0.2% to $2,462 per ton, zinc rose 0.2% to $2,702, lead added 0.5% to $2,702, lead added 0.5% to $1,980, and nickel rose 0.01% to $15,495.

Pewter rose 0.3% to $32,475.

SHFE aluminum fell by 0.1% to 20,170 yuan per ton, zinc added 0.1% to 22,455 yuan, lead increased by 0.3% to 16,830 yuan, lead increased by 0.3% to 16,830 yuan, nickel fell slightly by 0.7% to 16,830 yuan, nickel fell slightly by 0.7% to 122,660 yuan per ton, and tin fell by 0.6% to 264,230 yuan.

The most traded copper contract on the Shanghai Futures Exchange (SHFE) fell by 0.1% to 77,830 yuan ($10,806.6) per ton.

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