Aluminum advanced on improved vehicle sales

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

Industrial metals were bullish during short Monday's trade as weak manufacturing activity in China and Eurozone raised hopes for more accommodative monetary policies. Recent hints that the US is likely to join global easing  also supported the base metals pack.

Aluminum remained in the positive territory due to mounting expectations for easing in the US, China and Eurozone. Better vehicle demand across the globe added to gains on the light metal. 

Copper rose on hopes for stronger industrial demand from world's top consumers as China and US are likely to embark on monetary easing in the nearest future.

Nickel rallied on easing hopes and potential increase in demand as one of China's stainless steel lines is expected to resume operations.

Zinc was the top-gainer despite persistent surplus in the market. The metal followed common trend, gaining 1.79% amid global easing speculation.

 

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