Industry metals mixed amid boosted EU optimism

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Source: Dukascopy Bank
Base metals were mixed on Thursday along with firmer Euro and stronger equities. Moreover, industry metals caught a spree after Greece announced it managed to secure its bailout package as more than 80% of private creditors sign up for the debt swap deal.  The Eastern part of the world also stimulated metals' price growth as China is expected to reduce the RRR further. The commodity pack also may seek support from the supply side as Chile's Coldego expects its production to shank by 2% this year.  However, aluminium and nickel dropped on the high LME inventories and expected oversupply in the market.


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