Base metals dropped on disappoining US data

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Source: Dukascopy Bank
Industry metals fell on Tuesday as German retail sales dropped and  consumer confidence in the US has worsened. At the same time, LME inventories of base metals faced a decline. Moreover, cancelled warrants for copper and nickel inched up, reflecting stronger spot demand. Aluminium was one of the top losers, falling by 1.8%. Aluminium faced weaker spot demand as cancelled warrants declined. However, industry metals are likely to stay volatile due to key industry data releases this week.


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Wed, 01 Feb 2012 15:41:40 GMT

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