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Base metals fall on global crisis

Posted on 05 December 2011

Prices decline 13-31% this year on euro zone problems; nickel is the worst performer losing 31% . Base metal prices fell 13-31 per cent so far this calendar year on receding hopes of recovery in the euro zone economic crisis.
The price of aluminium declined 13 per cent to $2,140 a tonne on Friday as compared to $2,461 in the beginning of this year. While the price of nickel plunged by 30.69 per cent to settle on Friday at $17,300 a tonne from $24,960 early this year………………………………………..Full Article: Source


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