Copper eased down on weak US retail sales data

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Source: Dukascopy Bank SA
Industry metals apart from zinc tumbled on Wednesday on weak industrial output data in the Eurozone and larger than expected plunge in the US retail sales and producer price index.

Aluminum declined on weak manufacturing activity across the globe. However, the downside may be limited as Rio-Tinto Alcan World predicted a deficit in the aluminum market as supply side started to stagnate.

Copper was marginally lower, balancing between pessimistic industry data and potential increase in China's demand due to lower prices.

Nickel was the top-loser as spot market activity started to weaken. Even recent Indonesian ban on nickel ore exports to China failed to support the metal.

Zinc was the only gainer despite elevating inventory levels at LME.
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