LME base metals close higher on Thursday

The base metals prices on the London Metal Exchange (LME) closed higher on Thursday.

The base metal prices rose largely owing to the ceasefire agreement reached over the Ukraine conflict and a weak U.S. dollar, although investors were nonetheless cautious in light of Greece's ongoing talks with its creditors.

The three-month unofficial copper price increased 104 U.S. dollars, or 1.86 percent, to 5,695 U.S. dollars per tonne.

The three-month unofficial aluminium price increased 23 U.S. dollars, or 1.27 percent, to 1,837 U.S. dollars a tonne.

The three-month unofficial lead price increased 19 U.S. dollars, or 1.05 percent, to 1,832 U.S. dollars a tonne.

The three-month unofficial zinc price increased 37 U.S. dollars, or 1.75 percent, to 2,148 U.S. dollars a tonne.

The three-month unofficial nickel price increased 137.5 U.S. dollars, or 0.95 percent, to 14,687.5 U.S. dollars a tonne.

The three-month unofficial tin price increased 300 U.S. dollars, or 1.70 percent, to 17,975 U.S. dollars a tonne. Endit