Off the wire
• Foreign exchange rate of Euro to other currencies  • Urgent: Gold rallies for sixth session in row  • Urgent: Oil prices rebound after sharp decline  • Portugal suffers biggest box office revenue drop in decade  • Saudi Arabia executes 10 individuals in 2 weeks  • 1st LD Writethru: 18-year-old woman arrested at UK airport on suspicion of terror offences  • Portuguese gov't concerned about rise in unemployment: PM  • 2nd LD: U.S., British leaders oppose to impose extra sanctions on Iran  • Austria arrests 12 in drug ring bust  • Nigeria unveils program to counter extreme violence  
You are here: 　 Home

LME base metals rise mostly on Friday

Xinhua, January 17, 2015 Adjust font size:

The base metal prices on the London Metal Exchange (LME) closed higher mostly on Friday.

Copper price rose as China's top electricity company State Grid announced a record investment plan for 2015 on Friday.

State Grid plans to boost investment by 24 percent this year to 420.2 billion yuan (67.73 billion U.S. dollars). The move eases concerns about demand.

Copper price increased too after the Bank of China decided to increase its relending quota by 50 billion yuan this year.

The three-month unofficial copper price increased 16.5 U.S. dollars, or 0.29 percent, to 5,684 dollars per tonne.

The three-month unofficial aluminium price increased 50 dollars, or 2.80 percent, to 1,835 dollars a tonne.

The three-month unofficial lead price increased 52 dollars, or 2.90 percent, to 1,845 dollars a tonne.

Besides, the three-month unofficial zinc price increased 36 dollars, or 1.76 percent, to 2,086 dollars a tonne.

The three-month unofficial nickel price increased 237.5 dollars, or 1.64 percent, to 14,687.5 dollars a tonne.

The three-month unofficial tin price lost 212.5 dollars, or 1.08 percent, to 19,412.5 dollars a tonne. ((1 dollar = 6.2 yuan) Endit