Aluminum inched down after global PMI releases

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Source: Dukascopy Bank SA
Industrial metals apart from nickel tumbled on Monday after disanointing China's and US PMI data. Strong Dollar and lingering demand concerns continued to weight on the commodity group.

Aluminum eased down after PMI data; however, falling inventories at the main exchange warehouses limited losses of the light metal.

Copper was the top-loser amid global growth concerns on dismal manufacturing data and record high unemployment rate in the Eurozone.

Nickel was the only gainer as Australia plans to impose minerals tax that may tighten global nickel supplies.

Zinc dropped on global manufacturing slowdown. The metal's downward trend was restricted by increased consumption from Asia.
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