Base metals rallied on positive industry data

Note: This section contains information in English only.
Source: Dukascopy Bank
Base metals rallied on Wednesday amid strong manufacturing data from the US, the EU and China. Industry metals also found additional support on the weaker Euro. However, stockpiling of aluminum at the LME warehouses limited the gains for the metal. Copper and nickel may gather momentum on the expected supply disruptions as workers of BHP Billion may continue the strike in case they fail to agree with the management in the coming days. Zinc also gained on Wednesday amid better automobile demand on the lower energy prices.


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