Copper slid on potential supplies increase

Source: Dukascopy Bank SA
Industry metals tumbled on Thursday amid indications of cooling manufacturing activity worldwide and continuous economic uncertainty in the Eurozone.

Aluminum dropped as weak manufacturing and job market data from the US pressured the light metal.

Copper fell on potential increase in global supplies as Peru plans to boost red metal's output by 75% by 2015.

Nickel posted losses despite expected increase in lead production after Steel Authority of India announced potential 3% rise in profits due to solid demand.

Zinc was the top-loser amid weak spot activity and dismal PMI releases. However, expected easing measures in China may limit the downswing.


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