| Base metal was the main discussion this weekend among the investors as its prices plummeted by more than ten percent in last week as traders liquidated their positions because of downgraded global economic outlook by Fed and IMF.
Bears took charge and heavy selling was seen in industrial metals last week due to supply pressure and reduced global demand. LME 3 Month Copper, Lead Nickel fell by approximately 17 percent last week and made twelve months low. LME 3 Month Zinc went down by more than ten percent while Aluminum was trading down by more than seven percent last week..............................................Full Article: Source
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