Copper down despite stockpile lows

Gold was lower for the second day in a row to $435.90/$436.60 per troy ounce.

Copper on the London Metal Exchange fell $31 to $3,355 per tonne even though stockpiles in LME registered warehouses fell to yet another low.

Aluminium was down as well, $19.50 to $1,722 per tonne. This was despite confirmation from Hydro Aluminium that it will close its smelter in Germany.

Nickel rose $125 to close at $14,650 per ton.