| Zinc and nickel paced gains by industrial metals in London amid signs demand is improving in China, the biggest consumer. Aluminum rose to the highest since February 2013. Industrial production in China maintained its pace of growth last month, economists surveyed by Bloomberg said before data due tomorrow.
Zinc trading volumes in Shanghai were more than triple the average today, data compiled by Bloomberg show. Money managers’ long position in zinc came to 28% of the open interest as of Aug. 8, the most among six main metals traded on the London Metal Exchange, data from the bourse showed. Still, that’s down from 30% a week ago......................................Full Article: Source
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