Copper prices hit six-month peak on low inventories
XLB•Other metals
In other metals, aluminium CMAL3 was up 0.2% at $3,259, zinc CMZN3 was little changed at $3,758, lead CMPB3 lost 0.4% to $1,887, tin CMSN3 shed 0.8% to $55,720 and nickel CMNI3 slipped 0.3% to $16,750.
Copper prices rise on LME supply worries
Copper prices hit their highest in more than six months on Monday due to worries about availability on the London Metal Exchange, where inventories are near their lowest since February.
Benchmark three-month copper CMCU3 had eased 0.1% to $14,147 a metric ton at 1512 GMT, after earlier rising as much as 1.7% to $14,396. Prices of the metal used in the power and construction industries hit an all-time high at $14,527.50 in January.
Warehouse stocks shift in the U.S. and China
Deliveries of copper to LME warehouses amounted to 3,700 tons on Friday compared with outflows of 850 tons.
