Aluminum dropped on record China's production

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Source: Dukascopy Bank SA
Industry metals tumbled on Tuesday on lingering concerns over the Eurozone's economy after Spanish 10-year bond yields moved closer to 7%, level considered to be unsustainable.

Aluminum extended losses as China's aluminum production approached record high level even despite capacity reduction in Henan province.

Copper lost 0.34% after disappointing manufacturing data from the UK. UK's manufacturing output dropped by 0.7% in April, falling for fourth month in a row.

Nickel plunged by 0.72% on falling risk-appetite among investors. However, better spot activity after Indonesia banned nickel ore exports to China restricted losses.

Zinc price declined on elevating inventory levels at LME warehouses.


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