News Daily Spot: Zinc and lead touching least several years, operates copper lowest level in almost six years.

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Zinc and lead touching least several years, operates copper lowest level in almost six years.

Zinc and lead touched multi-year lows on Wednesday, while copper was trading around its lowest level in six years after an indicator of manufacturing activity in China showed persistent weakness in consumer metal of the world.

The growth of industrial production October China slowed to 5.6 percent, slightly lower than forecast in a Reuters poll, although the figure was cushioned by higher expected rise of 11 percent in retail sales.
Global equities shrugged off the data, but metals investors rushed to sell their positions to the prospects for growth in China, which consumes almost half of the world's copper, remains weak and could require greater policy support government.

The three-month zinc on the London Metal Exchange fell 1.9 percent to $ 1,577 per tonne by 1056 GMT, after hitting a six-year $ 1,553.50, while lead fell 2 2 percent, to $ 1,598, after touching a five-year $ 1,582. * Copper fell 0.3 percent to 4,912, after trading at $ 4,885 per tonne earlier, its lowest level since at least six years of $ 4,855 in late August.

Chinese stocks rose on Wednesday as investors bet on further stimulus measures after a series of mixed data.

Among other metals, tin lost 0.7 percent to $ 14,625 per tonne.

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