Farallon Resources Ltd. (fka FRLIF)

[the cork]

Zinc dips, Copper Falls to
7-Week Low on China Manufacturing: LME Preview

By Chanyaporn Chanjaroen

May 4 (Bloomberg) -- Copper declined to the lowest in seven weeks in London after an HSBC Holdings Plc report showed manufacturing in China, the world’s top consumer of industrial metals, fell to a six-month low, indicating that government efforts to cool its economy may be starting to take effect.

-- Copper fell 1.9 percent to $7,292 a metric ton on the London
Metal Exchange at 7:17 a.m. Relative Strength Index 36.3.
-- Aluminum lost 2 percent to $2,211 a ton. RSI 41.1.
-- Zinc declined 0.6 percent at $2,271 a ton. RSI 41.
-- Lead dropped 1.5 percent at $2,197.25 a ton. RSI 43.
-- Nickel retreated 0.8 percent to $26,100 a ton. RSI 56.9.
-- Tin gave up 0.3 percent at $18,199 a ton. RSI 46.1.

Other markets: Last % Change % YTD
U.S. Dollar Index 82.485 0.3 5.9
Crude oil $85.78 -0.5 8.1
Gold $1,180.05 -0.2 7.6
MSCI World Index 1,201.37 -0.1 2.8

Economic Events:
Forecast Prior Time
(London)

Euro zone PPI 0.7% 0.1% 10:00
U.S. factory orders -0.1% 0.6% 15:00
U.S. pending home sales 5.0% 8.2% 15:00
ABC consumer confidence -- -49 22:00


http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_ehxIXxbe0A