Aluminum gained despite weak China's demand

Source: Dukascopy Bank SA
Industry metals were mixed in choppy Monday session, balancing between Euro Zone woes and supply uncertainties.

Aluminum swung to gains on Monday despite weak China's demand caused by high smelting costs of the light metal.

Copper managed to add 0.60% despite easing supply worries as Chile's Collahuasi is resuming its operations after accidental death of its worker last week. However, softening Japan's demand capped the upward move of the red metal.

Nickel extended previous losses as expected oversupply in the market over the next five years continued to dampen investors' sentiment.

Zinc was marginally higher due to better spot market activity and recovering alloy demand.


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