Thursday, 18 December 2014

Base Metals Daily Commodity Market Update

Copper steadied on Wednesday on oil prices moving up from recent 5-1/2-year lows and a relief rally in global equities, but the metal's gains were expected to be short lived given mounting evidence of rising supply.

Aluminium remains vulnerable to the plunge in the rouble, which could entice Russian producers to lift production of the metal, which is sold in dollars, or it could lead to lower sales in Russia, prompting producers to increase exports.

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