Nickel plunged as spot demand weakened

Source: Dukascopy Bank SA
Industry metals were mixed on Thursday amid pessimistic economic data from the US and Eurozone.

Aluminum declined despite expected deficit in the market next year as producers tend to cut output in view of low prices.

Copper managed to add 0.41% on speculation that the Fed is ready to take additional steps to accelerate sluggish economic recovery.

Nickel was the top-loser amid weak spot demand. Even recent Indonesian ban on nickel ore exports to China failed to support the metal.

Zinc rallied despite high inventory levels at LME.


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