Nickel dropped amid oversupply concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals moved higher on Tuesday on speculation that China will ease its monetary policy to stimulate cooling economic expansion.

Aluminum was among gainers as China's demand perspectives are positive due to rural automobile subsidy.

Copper managed to climb as China's may revive financial incentives that in turn is likely to boost industrial demand for the red metal. However, persistent turmoil in the single currency union capped the upward move.

Nickel extended previous losses as expectations for oversupply in the market in the next five years continued to pressure the metal's price.

Zinc remained in the positive territory due to recovering alloy demand and possible easing in China.


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