Nickel soared after IMF report

Source: Dukascopy Bank
Industry metals balanced between flat US industrial output last month and the IMF report on better global economic perspectives.

Aluminum found support on the expectation for production cuts whereas falling trading volume limited the gains.

Copper jumped above 8,000 US Dollars per ton along with tightening supply as Rio Tinto announced an unexpected drop in red metal's output. However, weak China's demand continued to weight.

Nickel was strongly exposed to the better economic perspectives worldwide. However, soft spot market capped the rally of the top-performer.

Zinc was the only loser as cancelled warrants have continued to fall indicating weak spot demand. The metals may seek support on the medium supply worries as major zinc mines are expected to be exhausted by the end of 2013.


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Wed, 18 Apr 2012 13:53:08 GMT

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Wed, 18 Apr 2012 13:35:19 GMT

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