Bloomberg News

Nickel Leads Gains in Industrial Metals in London: LME Preview

February 22, 2013

Nickel led gains on the London Metal Exchange, with industrial metals heading for the first advance in six days. The LME index of six metals has dropped 4.9 percent the past five days.

Market News:

Metals News:

Metals Prices:


-- Copper advanced 0.3 percent at $7,895 a metric at 8:07
a.m. on the London Metal Exchange. Relative strength index 37.
-- Aluminum added 0.5 percent to $2,086 a ton. RSI 47.
-- Nickel gained 2.1 percent to $16,974 a ton. RSI 38.
-- Lead advanced 0.8 percent to $2,345 a ton. RSI 44.
-- Tin was up 1.7 percent at $23,500 a ton. RSI 35.
-- Zinc rose 0.8 percent to $2,129 a ton. RSI 49.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     81.26           -0.3        1.9
Crude Oil            $93.07            0.3        1.4
Gold              $1,585.15            0.6       -5.4
MSCI World Index   1,392.55            0.0        4.1

Economic Events:
                                    Survey    Prior      Time
                                                       (London)

GE IFO Business Climate             104.9     104.2     09:00
IT Consumer Confidence Ind.          84.6      84.6     10:00

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

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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