Copper unchanged on growing Japan's demand

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals were mostly higher in volatile session on Friday as market participants expected the outcome of the G8 summit.

Aluminum lost momentum but continued to appreciate as increased Japan's premiums and recent drop in Tajikistan's Aluminum production lent support for the light metal.

Copper was almost unchanged; however, a rise in Japan's copper wire and cables shipments in April may lift the red metal's price in the next sessions.

Nickel was the top-loser despite improved spot activity and increased warrants at LME. The metal was impacted by higher usage of substitutes and weaker steel demand.

Zinc tumbled as global stockpiles elevated, especially due to increased output from Australia and China.


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