Aluminum May Pace LME in Second Half as Mergers, China Slash Global Supply

(Bloomberg) -- Aluminum, the worst performer on the
London Metal Exchange since 2002, has the best chance to advance
for at least the next six months.

A growing number of investors say takeovers of Alcan Inc. of
Canada and Russia's OAO Sual Group may reduce aluminum production
as China, the world's largest supplier, cuts exports. Aluminum
will be the only metal on the LME to gain for the rest of 2007,
while copper, nickel, zinc and tin decline, futures markets show.


Read more at Bloomberg Emerging Markets News

Lead Falls Most in a Month in London on Speculation Rally Was Overdone

(Bloomberg) -- Lead fell the most in more than a
month in London on speculation gains that drove the metal to a
record were exaggerated given signs that a supply squeeze is
easing. Copper, aluminum, nickel and zinc also fell.

Inventories of lead tracked by the London Metal Exchange
increased for a third straight day, climbing 0.8 percent to
46,400 tons, the LME said in a daily report. Stockpiles have
advanced 13 percent this year.


Read more at Bloomberg Commodities News

Copper Falls Most in 2 Weeks as Inventory Gain May Signal Slowing Demand

(Bloomberg) -- Copper in New York fell by the most
in two weeks as a jump in global inventories signaled demand may
be slowing for the metal used in electrical wire and plumbing.

Stockpiles in warehouses monitored by the London Metal
Exchange gained 1,200 metric tons, or 1 percent, to 119,025
metric tons, the exchange said today. Before today, copper had
gained 18 percent this year as LME inventories fell 36 percent.


Read more at Bloomberg Commodities News