LME base metals close mixed on Thursday
Xinhua, January 16, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed mixed on Thursday.
Copper price rebounded on Thursday after a big slide.
Analyst Daniel Briesemann at Commerzbank in Frankfurt said his colleagues have seen massive interest in copper hedging from consumers.
However, analysts at Bank of Montreal believed copper price would be lower in the medium term. They expected to see copper bottom out at 5,180 U.S. dollars a tonne.
The three-month unofficial copper price increased 82.5 U.S. dollars, or 1.48 percent, to 5,667.5 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 6 U.S. dollars, or 0.34 percent, to 1,785 U.S. dollars a tonne.
The three-month unofficial lead price increased 5 U.S. dollars, or 0.28 percent, to 1,793 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 11 U.S. dollars, or 0.53 percent, to 2,050 U.S. dollars a tonne.
The three-month unofficial nickel price lost 112.5 U.S. dollars, or 0.77 percent, to 14,450 U.S. dollars a tonne.
The three-month unofficial tin price increased 87.5 U.S. dollars, or 0.45 percent, to 19,625 U.S. dollars a tonne. Endit