The prices of most of the base metals reduced substantially last week as, in addition to demand concerns, a weaker dollar makes dollar priced metals cheaper for non US investors.
A slightly weaker US dollar and of course the firmer stock markets which signal economic recovery is a supportive factor but with improving prices there is also the risk that companies re open mines.
On last Thursday, mixed economic data from the US rattled investors slightly but some of the metals started to show firmness at week closing.
London Metal Exchange Rates
Cash Buyer
| Product | 13-Aug | 20-Aug | Change | % |
| Zinc | 1897 | 1803 | -94 | -5% |
| Nickel | 21065 | 19200 | -1865 | -9% |
| Tin | 15625 | 14645 | -980 | -6% |
| Aluminium | 2034 | 1905 | -129 | -6% |
| Copper | 6418 | 6121 | -297 | -5% |
Change is on August 21st 2009 as compared to August 14th 2009
In USD per tonne
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