LME base metals rise mostly on Wednesday
Xinhua, January 22, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed mostly higher on Wednesday.
Copper rose on Wednesday as good housing data came from the U.S, the world's secondary biggest consumer.
U.S. homebuilders broke ground on more houses in December 2014, U.S. Department of Commerce reported Wednesday.
Besides, Indonesia's government warned that the U.S. mining giant Freeport-McMoRan could lose permit to export copper concentrate for its Grasberg mine unless it shows progress in developing a new copper smelter.
The three-month unofficial copper price increased 55.5 U.S. dollars, or 0.98 percent, to 5,722.5 U.S. dollars per tonne.
The three-month unofficial aluminium price increased 31 U.S. dollars, or 1.69 percent, to 1,866.5 U.S. dollars a tonne.
The three-month unofficial lead price increased 13 U.S. dollars, or 0.69 percent, to 1,909 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price increased 22 U.S. dollars, or 1.04 percent, to 2,128 U.S. dollars a tonne.
The three-month unofficial nickel price increased 337.5 U.S. dollars, or 2.30 percent, to 14,987.5 U.S. dollars a tonne.
The three-month unofficial tin price lost 25 U.S. dollars, or 0.13 percent, to 19,375 U.S. dollars a tonne. Endit