Posted AT 3:42 PM EST on 10/06/08
Strong U.S. dollar knocks down copper
LONDON — A strong U.S. dollar knocked copper prices lower Tuesday, while nickel jumped almost 7 per cent as a gas explosion in Australia raised concerns over this year's output, traders and analysts said.
In other metals, zinc fell to a 21/2 -year low on poor fundamentals with a market surplus expected this year, and tin shed more than 4 per cent on technical selling.
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