Aluminum rose on rebounding vehicle demand

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

Base metals surged on Friday, boosted by mounting hopes for the Fed stimulus. Adding to the positive mood of the industrial metals, China's government approved infrastructural projects worth more than USD157 billion in an attempt to revive economic expansion.

Aluminum climbed on brighter demand prospects from vehicle market. Speculation that the Fed will loosen its monetary policy also buoyed the light metal.

Copper was the top-performer after weaker-than-expected US job reports spurred speculation that the Fed will embark on easing program in the nearest future.

Nickel advanced despite persistent protests over employment contract terms by workers at Arcelor Mittal's US steel.

Zinc went up on hopes for stronger demand as China approved financing for infrastructural projects.

 

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