Copper prices were bouncing back Monday following a steep fall last week.
September-dated copper futures were climbing 5 cents at $3.41 a pound in recent activity on the Comex division of the New York Mercantile Exchange. The
PowerShares DB Base Metals
exchange-traded fund was edging 0.5% higher.
Among stocks, Canadian zinc miner
was widely reported to have received European Union regulatory approval for its purchase of
, another Canada-based firm.
Teck's stock was up 3.8% in recent action.
In precious metals, gold and silver prices were edging lower. Benchmark contracts for gold bullion were off $1.70 at $679.90 an ounce, while silver contracts were shedding 9 cents to $12.78 an ounce.
The bullion ETFs,
streetTracks Gold Shares
iShares Silver Trust
were down 0.4% and 0.6% respectively.
Shares of miner
were slipping 3.4% in recent action, hurt by the falling price of gold.
Elsewhere, the euro was trading lower at $1.3629, down from $1.3696 late Friday. The pound was changing hands for $2.0128, down from $2.0227 previously. The dollar was selling for 118.44 yen vs. 118.53 yen at the end of last week.
The foreign-exchange ETFs, which track the values of different currencies, were similarly mixed.
CurrencyShares Euro Trust
was down 0.4%. The
CurrencyShares Yen Trust
was gaining 0.1%. The
CurrencyShares British Pound Sterling Trust
was losing 0.4%.
As for the agriculture complex, cocoa prices were up $26 at $1,880 a ton, and soybeans were climbing 11 cents at $8.83 a bushel.