In New York and London copper cheaper

At the auctions in London and New York, falling copper prices. On it informs Bloomberg. In particular, during today's trading on the London Metal Exchange price of red metal with delivery in 3 months decreased by 0.7% to 9,860 dollars per ton. In turn, on the Comex Exchange in New York, copper for March delivery fell by 0.6% to 4.4985 dollars per ton. It is also worth noting that the lead at auction in London fell by 2.1% to U.S. $ 2,467 / ton, zinc - by 1.6%, to 2,419 dollars per ton, and nickel - by 0,9%, to 28 , 13 thousand dollars per ton. Prices of tin rose by 0,2% and amounted to 31.32 thousand dollars per ton. Earlier, analysts of the Chilean state commission Cochilco expressed the view that the price of copper in the I quarter of 2011 will be at a level of $ 4.26 per pound. In II quarter, according to them, the red metal will fall in price to 4.25 dollars per pound. In general, this year the average price of copper will be at a level of $ 4.19 per pound. In the coming year, as predicted by Cochilco, the cost of the metal to fall to 4.01 dollars per pound. Ministry of Industry