LME base metals mostly rise on Tuesday
Xinhua, January 21, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed higher mostly on Tuesday.
London base metals prices mostly rose on account of the better-than-expected growth figures from China.
China's gross domestic product (GDP) grew 7.4 percent in 2014, better than market expectation, data from China's National Bureau of Statistics (NBS) showed on Tuesday.
Industrial output in China grew 8.3 percent in 2014 from a year ago, down from the 9.7-percent growth seen in 2013, the NBS announced on Tuesday. But this data too, was better than market expectations.
The three-month unofficial copper price dropped 10.5 U.S. dollars, or 0.18 percent, to 5,667 dollars per tonne.
The three-month unofficial aluminium price increased 6 dollars, or 0.33 percent, to 1,835.5 dollars a tonne.
The three-month unofficial lead price increased 37 dollars, or 1.99 percent, to 1,896 dollars a tonne.
Besides, the three-month unofficial zinc price increased 19 dollars, or 0.91 percent, to 2,106 dollars a tonne.
The three-month unofficial nickel price increased 100 dollars, or 0.69 percent, to 14,650 dollars a tonne.
The three-month unofficial tin price increased 50 dollars, or 0.26 percent, to 19,400 dollars a tonne. Endit