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Metals-Copper falls on euro zone debt worries, China demand
May. 23, 2011 08:22AM PST
Base Metals Investing Reuters Africa reports copper fell on Monday, as part of a broad decline across asset classes, weighed down by euro zone debt worries.
Reuters Africa reports copper fell on Monday, as part of a broad decline across asset classes, weighed down by euro zone debt worries.
The market news is quoted as saying,
Nickel, lead and tin were all down more than four percent at one point with worsening chart pictures speeding liquidation. Tin and lead also fell through their 200 DMAs. Nickel traded at $22,522 from $23,540, having fallen to$22,500 a tonne — its lowest since Nov. 30.