Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Industrial Metals Decline Amid Iraq, Ukraine Turmoil

Industrial metals from zinc to lead fell in London as unrest in the Middle East and Ukraine threatens to damp demand and economic growth.

American warplanes struck against militants from Islamic State in Iraq, pulling the U.S. back into a conflict three years after its last combat troops left. Yesterday, European Central Bank President Mario Draghi said risks to the euro area’s economic recovery are increasing because of conflicts such as the Ukraine crisis. The Bloomberg Commodity Industrial Metals Index fell as much as 0.9 percent.

“We’re already seeing a lot of negative economic reports out of Germany because of the situation in Ukraine,” Fain Shaffer, the president of Infinity Trading Corp. in Indianapolis, said in a telephone interview. “The situation could definitely put a damper on demand.”

Zinc for delivery in three months dropped 1.5 percent to settle at $2,295 a metric ton at 5:50 p.m. on the London Metal Exchange. Lead fell 1.1 percent to $2,240 a ton. Nickel, copper and aluminum declined, while tin was unchanged.

On the Comex in New York, copper futures for September delivery fell 0.1 percent to $3.1735 a pound.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.