Farallon Resources Ltd. (fka FRLIF)

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Zinc slides, Copper Heads for Best Week in Five Months in London on Demand: LME Preview
By Claudia Carpenter - Jul 23, 2010

Copper headed for its best week in five months as the outlook for demand improved following a continued decline in inventories. Futures in Shanghai jumped to an eight-week high.

-- Copper fell $15.25, or 0.2 percent to $6,994.75 a metric ton
on the London Metal Exchange at 7:24 a.m. Relative Strength
Index 61.1.
-- Aluminum dropped 0.4 percent to $2,036.25 a ton. RSI 56.8.
-- Zinc declined 1.2 percent to $1,925.75 a ton. RSI 57.5.
-- Lead lost 0.8 percent to $1,925.50 a ton. RSI 62.
-- Nickel climbed 0.4 percent to $20,325 a ton. RSI 57.5.
-- Tin dropped 1.2 percent to $18,350 a ton. RSI 59.

Other markets: Last % Change % YTD
U.S. Dollar Index 82.654 0.0 6.2
Crude oil $79.07 -0.3 -0.4
Gold $1,196.57 0.1 9.1
MSCI World Index 1,110.10 2.0 -5.0

Economic Events:
Forecast Prior Time
(London)

U.K. GDP 0.6 0.3 9:30

To contact the reporter on this story: Claudia Carpenter in London at [e-mail]


http://www.bloomberg.com/news/2010-07-23/copper-heads-for-best-week-in-five-months-in-london-on-demand-lme-preview.html