Bloomberg News

Copper Has Longest Decline in London Since February: LME Preview

December 20, 2012

Copper fell for a sixth day in London, the longest streak since Feb. 17, as rebounding stockpiles, prospects of slower growth in China and stalled U.S. budget talks curbed demand.

Market News:

Metals News:

Metals Prices:


-- Copper fell 0.5 percent to $7,886 a metric ton at 7:04 a.m.
on the London Metal Exchange. Relative strength index 45.
-- Aluminum declined 0.1 percent to $2,082 a ton. RSI 54.
-- Nickel slipped 0.8 percent to $17,605 a ton. RSI 57.
-- Lead dropped 0.6 percent to $2,322 a ton. RSI 63.
-- Tin was down 0.2 percent at $23,450 a ton. RSI 74.
-- Zinc fell 0.9 percent to $2,070.50 a ton. RSI 61.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     79.35            0.1       -1.0
Crude Oil            $89.53           -0.5       -9.4
Gold              $1,669.20            0.1        6.8
MSCI World Index   1,348.19           -0.1       14.0

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
UK Retail Sales Ex Auto Fuel         0.4%     -0.7%      09:30
US GDP                               2.8%      2.7%      13:30
US Initial Jobless Claims           360K      343K       13:30
EC Euro-Zone Consumer Confidence    -26.5    -26.9       15:00
US Philadelphia Fed                  -3.0    -10.7       15:00
US Existing Home Sales               4.9M      4.79M     15:00
US Leading Indicators                -0.2%     0.2%      15:00

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net


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