Thursday, 26 March 2015

News and Research on Base Metals

Base metals on the LME apart from Copper traded lower yesterday as Orders for durable goods unexpectedly dropped in February, a sign the slowdown in global growth may be weighing on American manufacturers. However, a robust German business sentiment survey along with weakness in the DX restricted sharp fall in prices.

LME Copper prices gained 0.1 percent encouraged by a robust German business morale survey that added to expectations that an economic recovery in the euro zone is strengthening. Also, weakness in the DX supported gains.
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