Japan Official Copper and Zinc Prices Continue Decreasing

Nippon Mining & Metals announced on Monday the firm decreased official copper ingot price by 20,000 yen to 850,000 yen per tonne for domestic shipment in November. The monthly averaged price became to 876,000 yen. The price declined to the lowest level since 840,000 yen on June 20, 2006 when overseas copper markets continued decreasing.Mitsui Mining & Smelting announced on Monday the firm decreased official zinc ingot price by 23,000 yen to 528,000 yen per tonne for domestic shipment in November. The monthly average downed by 9,200 yen to 547,300 yen. The official price was revised down again after the price decreased by 26,000 yen at the previous revision. The latest price is at the lowest level since late October.