Base Metals Decline on Speculation China, U.S. Slowdown Set to Reduce Demand

Bloomberg reports base metals declined on speculation of a moderating Chinese economy and sluggish U.S. recovery.

The market news is quoted as saying,

Lead in London fell 0.8 percent to $2,378.25 a ton, while zinc retreated 0.6 percent to $2,170 per ton. Aluminum was little changed at $2,376 per ton, nickel climbed 0.2 percent to $21,350 per ton, and tin advanced 0.2 percent to $24,500 per ton.

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