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LME base metals rise mostly on Wednesday

Xinhua, January 29, 2015 Adjust font size:

Base metal prices on the London Metal Exchange (LME) closed higher mostly on Wednesday.

New orders for U.S. manufactured durable goods continued falling in December against the background of weak global growth, the U.S. Commerce Department reported.

The U.S. will release its GDP data of Q4 2014 on Friday. Market expected the growth would ease to around 3 percent. The forecast boosts base metal prices on Wednesday.

The three-month unofficial copper price increased 19 U.S. dollars, or 0.35 percent, to 5,472.5 U.S. dollars per tonne.

The three-month unofficial aluminium price increased 2 U.S. dollars, or 0.11 percent, to 1,864 U.S. dollars a tonne.

The three-month unofficial lead price increased 28 U.S. dollars, or 1.51 percent, to 1,877.5 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price lost 9 U.S. dollars, or 0.42 percent, to 2,115 U.S. dollars a tonne.

The three-month unofficial nickel price increased 212.5 U.S. dollars, or 1.44 percent, to 14,937.5 U.S. dollars a tonne.

The three-month unofficial tin price lost 125 U.S. dollars, or 0.65 percent, to 19,225 U.S. dollars a tonne. Endit