Japan Cu and Zn Official Prices Increase

JX Nippon Mining & Metals announced on Friday the firm increases the official copper ingot price by 20,000 yen to 750,000 yen per tonne for September shipment. The firm reflects higher copper price at London Metal Exchange. The monthly averaged official price increases by 14,000 yen to 747,000 yen without any more revision in September.

LME copper price increased by slightly more than US$ 100 to US$ 9,041 per tonne at settlement on Thursday from Monday, based on which JX Nippon Mining & Metals revised the official price.

Mitsui Mining & Smelting announced the firm increases the official zinc ingot price by 5,000 yen to 215,000 yen per tonne for September shipment due to higher LME zinc price. The monthly averaged official price increased by 3,500 yen to 215,000 yen without any more revision in September.

LME zinc price increased for 3 trading days in a row through Thursday. The price increased by US$ 63.50 to US$ 2,196 per tonne at settlement on Thursday from Monday, based on which Mitsui Mining & Smelting revised the official price.