Copper rose 2.46% over the week

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Industrial metals were higher over the last week on upbeat US data releases and persistent speculation that global central banks will loosen their monetary policies. However, solid greenback restricted the gains of the base metals.

Aluminum rose on positive headlines from the US. Successful debt auctions in Spain and Italy also spurred the light metal's price.

Copper balanced between an increase in Peru output and brighter demand prospects as the US and China may embark on easing measures.

Nickel was the top-performer despite continuous surplus in the market and weak spot demand.

Zinc followed bullish trend despite high supplies from Asia and weak demand.

 

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