Daily Metals Insight 12-Jun-2009

Ventura Securities Ltd

Asian stocks rose for a third day, led by consumer and financial shares, as U.S retail sales and higher metal prices pointed to an easing of the global recession and on mounting optimism investment losses will diminish.

China’s new lending doubled in May and industrial output and retail sales climbed more than economists estimated as government stimulus spending revived the world’s third-biggest economy.

Copper, aluminum and zinc gained in Shanghai after London prices rallied on speculation that a global recession may be easing, boosting metals consumption and increasing investor demand for an inflation hedge.