What’s happening in the metals market?

Most metals prices slumped last week, but the run up has only stalled, not run aground...

Which metals prices fell last week? Almost all of them. Copper, the most active metal on the London Metal Exchange, was among the biggest fallers. From its lows in 2003, the price of copper had surged 113% to hit a 15-year high at the beginning of last week, only to fall 17% on Wednesday and Thursday, its biggest one-day fall in 14 years. Other notable fallers included lead, which had surged 135% before plunging 15%; nickel, which had jumped 130% before tumbling 24%; zinc, which was up 55% before falling 15%; and aluminium, which was up 44% before dipping 8%.

Why did prices fall?

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Simon Nixon

Simon is the chief leader writer and columnist at The Times and previous to that, he was at The Wall Street Journal for 9 years as the chief European commentator. Simon also wrote for Reuters Breakingviews as the Executive Editor earlier in his career. Simon covers personal finance topics such as property, the economy and other areas for example stockmarkets and funds.