There are still doubts over Europe's $1 trillion emergency rescue plan. This year, Nickel (Ni) CMNI3 and lead CMPB3 fell more than 5 percent, while zinc (Zn) CMZN3 and aluminum (Al) CMAL3 fell about 4 percent and copper (Cu) fell nearly 3 percent.

Christin Tuxen, analyst at Danske Bank is quoted saying:

"There are some concerns that maybe we have solved liquidity problems but there's still a solvency problem - will these countries in Europe be able to implement structural reforms."

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