Sector Snap: Metals stocks mixed on falling prices

- May 18th, 2011

Forbes reports shares of several metals companies were mixed Tuesday amid falling prices for aluminum, copper and nickel.

Forbes reports shares of several metals companies were mixed Tuesday amid falling prices for aluminum, copper and nickel.

The market news is quoted as saying,

The tepid U.S. economy has helped to dampen manufacturers’ demand for some metals, and prices have softened as a result. In addition, the U.S. dollar has been strengthening in light of mounting debt crises in Europe, which can lead holders of higher-valued foreign currency, like the euro, to pull back from buying up metals futures.

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