© Scanpix/AFP
|
Aluminum gained on hopes for stronger global demand. However, bloated stockpiles at LME continued to weight on the light metal. LME inventories dropped 0.39% in the week ended December 5, but remained near a record high of 5.2 million tonnes.
Copper climbed on expectations for robust demand in the US, China and the Eurozone. Weaker greenback also lent support to the red metal.
Nickel was the only loser amid rising exports from Indonesia.
Zinc rose, tracking the bullishness of the commodity group. However, high LME stocks limited gains of the metal.