Zinc Is Biggest Gainer on LME on U.S. Growth Bets: LME Preview

Zinc was the biggest gainer on the London Metal Exchange before a Labor Department report that may show a decrease in U.S. jobless claims, bolstering the demand outlook for the metal used in steel for housing.

Market News:

-- The French economy shrank in the fourth quarter as

-- Japan’s economy unexpectedly shrank last quarter as falling

-- Indian inflation slowed to a more than three-year low in

-- Asian stocks advanced, led by shares in Hong Kong that resumed trading following a three-day break, as an unexpected

-- Gold demand rose 3.8 percent in the fourth quarter as Indian

Metals News:

-- United Co. Rusal, the biggest aluminum producer, is setting

-- Rio Tinto Group, the world’s second-largest mining company,

-- Impala Platinum Holdings Ltd., the second-largest producer of

Metals Prices:

-- Copper rose 0.1 percent to $8,235.50 a metric at 7:38 a.m. on
the London Metal Exchange. Relative strength index 57.
-- Aluminum added 0.2 percent to $2,145.75 a ton. RSI 63.
-- Nickel was unchanged at $18,375 a ton. RSI 60.
-- Lead advanced 0.5 percent to $2,413 a ton. RSI 56.
-- Tin was up 0.2 percent at $24,949 a ton. RSI 62.
-- Zinc gained 0.6 percent to $2,208.50 a ton. RSI 67.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.22            0.2        0.6
Crude Oil            $97.13            0.1        5.8
Gold              $1,643.28            0.1       -1.9
MSCI World Index   1,413.34            0.0        5.6

Economic Events:
                                    Survey    Prior      Time
FR Non-Farm Payrolls                -0.2%     -0.3%     07:45
EC Euro-Zone GDP                    -0.4%     -0.1%     10:00
US Initial Jobless Claims           360K      366K      13:30
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