Copper went down on demand concerns

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industry metals were mostly lower on Friday amid dismal manufacturing data releases from the US and China.

Aluminum was the top-loser as demand remained weak. However, sharp fall in supplies as many producers halt smelting due to high energy costs and low aluminum prices may support the light metal.

Copper slid by almost 1% as weak US labour market data and poor China's manufacturing activity in May both stimulated riskier assets selloff.

Nickel followed copper movement and fell by 0.8% amid rising global fiscal uncertainty.

Zinc was the only gainer as medium-term supply concerns buoyed the metal.  Major Canadian and Austrian mines are likely to be exhausted by 2013.


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