Industrial Metals Soar Most in Three Years on European Talks, China Demand

Commodities Oct 24, 2011 No Comments

Industrial metalOn the London Metal Exchange, an index measuring copper, aluminum, nickel, lead, zinc and tin rose 5.9 percent to 3,433.6, the biggest gain since Oct. 29, 2008. The gauge has jumped 11 percent since touching a 15-month low of 3,096.8 on Oct. 20.

Industrial metals in London jumped the most in three years, led by copper and nickel, as European governments moved closer to containing the region’s debt crisis and manufacturing rebounded inChina, the world’s top consumer.

via Industrial Metals Soar Most in Three Years on European Talks, China Demand – Bloomberg.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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