Tough week for miners

INTERNATIONAL miners had a challenging week with the major companies losing ground on their share prices.
Tough week for miners Tough week for miners Tough week for miners Tough week for miners Tough week for miners

Staff Reporter

Overnight, aluminium lost 2.1% and zinc was down by 1%, while nickel added nearly 1.2%.
 
Gold was relatively steady around $1265 an ounce. Copper was also slightly down, and lead was slightly up.
 
Oilprice.com reported that WTI crude oil was fractionally up overnight at $49.16 per barrel.
 
In softer commodities, cocoa decreased $7 per tonne or 0.37% to $1876/t yesterday from $1883/t in the previous trading session, tradingeconomics.com reported. Historically, cocoa reached an all-time high of $4361.58/t in July of 1977 and a record low of $211/t in July of 1965.
 
Coffee decreased 0.25c per pound or 0.19% to 129.50c/lb yesterday from 129.75c/lb in the previous trading session, tradingeconomics.com. Historically, coffee reached an all-time high of 339.86/lb in April of 1977 and a record low of 42.50/lb in October of 2001.
 
Palm Oil decreased to MYR2660 per tonne yesterday from MYR2664/t in the previous trading day, tradingeconomics.com reported. Historically, palm oil reached an all-time high of MYR4298/t in March of 2008 and a record low of MYR433/t in March of 1986.

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