Copper unchanged amid mixed Eurozone's data

Source: Dukascopy Bank SA
Industry metals dropped on Monday as promising results of Greek elections were outweighed by surging Spanish yields. Yields on 10-year sovereign bonds rocketed above 7%, the level considered to be unsustainable in long-term.

Aluminum fell as China's production remains under pressure because of weak prices.

Copper was almost unchanged as positive data from the US homebuilding sector limited losses caused by economic instability in the single currency region.

Nickel tumbled on weak spot market activity and rising inventories in China after Indonesia banned nickel ore exports to China.

Zinc was the top-loser amid weak fundamentals. However, the downswing may be restricted as production disruptions from Bolivian tin and zinc mines are likely to support the price.
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