LME base metals mix as traders watch broader markets
Xinhua, January 9, 2015 Adjust font size:
Base metals were mixed on Thursday on the London Metal Exchange (LME), as traders waiting the release of U.S. non-farm payrolls data for December on Friday.
Aluminium clawed its way back above 1,800 U.S. dollars per tonne, recovering from an eight-month low on Wednesday. The three-month unofficial aluminium price was up 12.5 dollars, or 0.70 percent, to 1,796.5 dollars a tonne.
Copper rebounded to near 6,200 dollars per tonne, but a stronger dollar and uncertain macro-economy weighed on the metal. The three-month unofficial copper price settled at 6,117.5 dollars per tonne, down 10 dollars, or 0.16 percent compared to the previous day.
In other metals, The three-month unofficial lead price increased by 21 dollars, or 1.15 percent, to 1,854 dollars a tonne.
The three-month unofficial zinc price was up 4 dollars, or 0.19 percent, to 2,156 dollars a tonne.
The three-month unofficial nickel price lost 215 dollars, or 1.38 percent, to 15,310 dollars a tonne.
The three-month unofficial tin price lost 25 dollars, or 0.13 percent, to 19,725 dollars a tonne. Endit