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LME base metals rise on Friday

Xinhua, February 14, 2015 Adjust font size:

The base metals prices on the London Metal Exchange (LME) closed higher on Friday amid rising oil prices and hopes that Europe can come to an agreement over the future of Greece.

Greek officials were working hard to find common ground with technocrats representing eurozone creditors on Friday in order to reach by February 16 at the Eurogroup meeting a compromise agreement on cooperation after the bailout, said Greek government spokesman.

Brent Crude Oil futures rose 3.1 percent to 61.14 U.S. dollars per barrel during Friday's trading session, data from BBC showed.

The three-month unofficial copper price increased 19 U.S. dollars, or 0.33 percent, to 5,714 U.S. dollars per tonne.

The three-month unofficial aluminium price increased 4 U.S. dollars, or 0.22 percent, to 1,841 U.S. dollars a tonne.

The three-month unofficial lead price increased 7 U.S. dollars, or 0.38 percent, to 1,839 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price increased 11 U.S. dollars, or 0.51 percent, to 2,159 U.S. dollars a tonne.

The three-month unofficial nickel price increased 25 U.S. dollars, or 0.17 percent, to 14,712.5 U.S. dollars a tonne.

The three-month unofficial tin price increased 250 U.S. dollars, or 1.39 percent, to 18,225 U.S. dollars a tonne. Enditem