20.02.2015 - Base metals slip on EU wrangling, nickel and zinc price hit fresh lows
Base metals moved to lower prices in Thursday's LME morning session in thin and volatile conditions in the absence of Asian market participants over Chinese New Year - nickel hit a one-year low and zinc its softest for three weeks. "For now, we would expect the metals to take their lead from the dollar/euro and from developments over Greece. Should a loan extension be agreed, there may be room for a relief rally," FastMarkets analyst William Adams said. Greece has applied for a six-month extension on the loan agreement, Eurogroup president Jeroen Dijsselbloem suggested on social media platform twitter...............................................Full Article: Source
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