Base metals advanced after Fed report on Wednesday

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals apart from nickel advanced on Wednesday on softer greenback and positive signs from the world's largest economies. Fed assessment of the US economic state indicated that the country's economy grows at the moderate pace. Moreover, positive data from the Pacific region spurred the rally of the base metals pack. Aluminium was the top-performer on the improving demand prospects while copper was only marginally higher as China's consumption remained uncertain. Zinc continued to draw strength from medium-term supply concerns as major Canadian and Austrian mines are likely to be exhausted by 2013. Nickel was the only loser as escalating energy prices coupled with weak spot demand blocked an upside of the metal.


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