Copper jumped on China easing hopes

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Industrial metals prolonged their rally on Monday on escalated hopes for easing measures in the US and China. Meanwhile, market participants anticipated an outcome of the German Constitutional Court hearing regarding the ESM existence.

Aluminum climbed on hopes that recent negative headlines from the US and China will force the central banks to implement stimulus measures.

Copper rallied to three-month high on potential increase in demand as China approved infrastructural projects worth more than USD126 billion.

Nickel added 1.67% despite consumption worries amid possible labour unrest at Arcelor Mittal's US steel.

Zinc was the top-gainer despite persistent supply glut in the market and stronger US Dollar.

 

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