Aluminum dropped on dismal manufacturing data

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Source: Dukascopy Bank SA
Industry metals tumbled on choppy Monday trade as dismal manufacturing data from all over the world continued to dominate investors' sentiment.

Aluminum continued its fall amid signs of global economic stagnation and even easing worries about Eurozone debt crisis failed to support the light metal.

Copper lost more than 4% over the last week as US reported unexpected fall in factory orders in April. However, the downswing was limited by easing hopes in China as the country's economy started to stagnate.

Nickel extended previous losses as steel demand continued to deteriorate.

Zinc fell as weak spot activity and disappointing manufacturing data releases weighted on the metal.
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