Bloomberg News

Copper Drops in London Trading on German Slowdown: LME Preview

January 08, 2013

Copper dropped in London on signs of slowing economic growth in Germany, the world’s biggest buyer of the metal after China and the U.S.

Market News:

Metals News:

Metals Prices:


-- Copper slipped 0.1 percent to $8,063.25 a metric ton at 7:31
a.m. on the London Metal Exchange. Relative strength index 55.
-- Aluminum declined 0.2 percent to $2,061.25 a ton. RSI 48.
-- Nickel gained 0.4 percent to $17,270 a ton. RSI 49.
-- Lead dropped 0.4 percent to $2,296 a ton. RSI 50.
-- Tin was down less than 0.1 percent at $24,070 a ton. RSI 68.
-- Zinc fell 0.2 percent to $2,018 a ton. RSI 45.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.19           -0.1        0.5
Crude Oil            $93.03           -0.2        1.3
Gold              $1,647.79            0.1       -1.7
MSCI World Index   1,365.84           -0.1        2.0

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
EC Euro-Zone Consumer Confidence    -26.6    -26.6       10:00
GE Factory Orders                    -1.4%     3.9%      11:00
US Consumer Credit                 $12.75B   $14.158B    20:00

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 ccarpenter2@bloomberg.net


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