Base metals mixed after Euro Zone's PMI data

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals were mixed on Wednesday amid weak industry data releases from the Euro Zone. Copper, traditional driver of the metals pack, lost 0.17% as Collahuasi's copper mine resumed its operations. In addition, depreciating US Dollar and weak global equities continued to weight down on the metals' price. Aluminium was resilient to disappointing PMI data as the metal found support from the expected output cuts and improved demand from the aerospace and auto sectors in the US. At the same time, nickel's price is likely to decline further on the growing inventories. Zinc, the top gainer, may post losses in the nearest future as LME stocks increased and physical demand remains weak.


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Fri, 24 Feb 2012 06:09:46 GMT

Energy moved higher ahead IEA report

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Fri, 24 Feb 2012 06:09:32 GMT

Precios metals followed platinum's suit

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