Zinc climbed on medium-term supply concerns

Source: Dukascopy Bank SA
Industrial metals balanced on Friday between signs of robust US economic recovery and uncertainty in the Euro Zone and Asia.

Aluminum was marginally lower as rising energy costs and weakening China's demand both created pressure on the light metal.

Copper was among gainers due to falling stocks at the LME and Shanghai warehouses. However, high risk-aversion in the markets continued to cap the upward moves of the red metal.

Nickel was the worst performer on Friday as expectations that supply will outplace demand in the next five years weighted on the metal.

Zinc rallied due to medium-term supply concerns while current inventory buildup restricted the gains.


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