Base metals tumbled on Friday on global growth fears. Disappointing China's trade data as well as deteriorating situation in the Eurozone weighted down on potential demand for industrial metals.
Aluminum dropped on demand uncertainty from China. Meanwhile, medium-term supply concerns from Indonesia limited the downswing.
Copper sank on elevating inventory levels. Inventories rose by 4% at Shanghai and by 2% at Comex markets.
Nickel slumped as market continued to remain in surplus. However, better spot market activity restricted losses of the metal.
Zinc prices declined at LME on weak fundamentals. However, slightly lower inventory levels provided support for the metal.