Farallon Resources Ltd. (fka FRLIF)

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Zinc declines, Copper Drops in London on Weaker Economic Expansion in China: LME Preview
By Chanyaporn Chanjaroen - Jul 15, 2010

Copper fell on the London Metal Exchange after China’s economic expansion eased in the second quarter, signaling a deeper second-half slowdown that may add to risks for the global economy.


-- Copper fell 1.2 percent at $6,647.25 a metric ton on the
London Metal Exchange at 8:10 a.m. Relative Strength Index 50.5.
-- Aluminum dropped 0.3 percent to $2,003 a ton. RSI 52.2.
-- Zinc declined 0.8 percent at $1,835 a ton. RSI 49.1.
-- Lead lost 1 percent at $1,810 a ton. RSI 51.3.
-- Nickel retreated 0.3 percent at $19,347 a ton. RSI 46.7.
-- Tin added 0.1 percent at $18,000 a ton. RSI 56.5.

Other markets: Last % Change % YTD
U.S. Dollar Index 83.428 0.0 7.2
Crude oil $76.57 -0.5 -3.5
Gold $1,210.05 0.2 10.3
MSCI World Index 1,110.88 -0.2 -4.9

Economic Events:
Forecast Prior Time
(London)

ECB publishes July report 9:00
U.S. June producer price index -0.1% -0.3% 13:30
U.S. initial jobless claims 445K 454K 13:30
U.S. Empire manufacturing 18.0 19.57 13:30
U.S. June industrial production -0.1% 1.3% 14:15
U.S. June capacity utilization 74.1% 74.1% 14:15


http://www.bloomberg.com/news/2010-07-15/copper-drops-in-london-on-weaker-economic-expansion-in-china-lme-preview.html