Copper prices rise today with falling inventories



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Copper prices were supported on Friday by purchases to cover city centers and a drop in inventories following the sharp losses of the previous period caused by fears of increasing trade tensions. Steel prices on the Shanghai Stock Exchange

The three-month copper futures on the London Metal Exchange rose 1.4% to close at $ 6147 per tonne after falling Thursday to 5988 $, its lowest level since July 2017.

Copper finished the week down 1.2%, bringing losses to 16% Nickel contracts, mainly used for stainless steel , rose 1.5% to $ 13530 per ton, while zinc, which is used in the galvanizing of steel, rose 1.2%

Nickel stocks on the Stock Exchange Shanghai fell 9.9% while zinc inventories dropped to their lowest level since December 2007.

Among other industrial metals, aluminum contracts rose 1.4% to 2029 $ per ton. Lead contracts of 0.9% to end the session at $ 2135 per ton

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