Base metals lead the way

GOLD was fixed at $US1183.60 overnight while base metals continued rise during the course of the week.
Base metals lead the way Base metals lead the way Base metals lead the way Base metals lead the way Base metals lead the way

Nickel ore

London Metal Exchange cash zinc added another 2% to $US2710.75 per tonne, its highest level since March 2008, and up by 70% this year.

Copper was up by another 2.3% to $5853.50/t, a fresh 16-month high, but nickel and aluminium were slightly lower. Silver entered a bear market, last trading at $US16.32/oz after rising over $20/oz only months ago.

In softer commodities, cocoa decreased $US1 per tonne or 0.04% to 2439 on Wednesday from $2440/t in the previous trading session, tradingeconomics.com reported. Cocoa went down 0.80% during the last week, was down 7.16% during the last month and down overall 26.93% during the last year.

Coffee decreased 0.15c/lb or 0.10% to 157.55 on Wednesday from $157.70/lb in the previous trading session, tradingeconomics.com. Coffee went down 4.69% during the last week, was down 0.22% during the last month but rose 26.14% during the last year.

 

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