LME base metals close higher mostly on Tuesday
Xinhua, April 8, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed higher mostly on Tuesday, buoyed by the speculation that the Federal Reserve will not rush to hike interest rates.
A weak jobs report from the United States deepened concerns over the strength of the country's economy and led traders to push back their forecasts for the first move to tighten policy.
The U.S. economy added 126,000 jobs in March, well below economists' estimated of 245,000, and the unemployment rate held steady at 5.5 percent, the U.S. Labor Department reported Friday.
The three-month unofficial copper price increased 92 U.S. dollars, or 1.53 percent, to 6,088 dollars per tonne.
The three-month unofficial aluminium price increased 11 dollars, or 0.62 percent, to 1,790 dollars a tonne.
The three-month unofficial lead price increased 46 dollars, or 2.47 percent, to 1,908 dollars a tonne.
Besides, the three-month unofficial zinc price increased 32.5 dollars, or 1.53 percent, to 2,154 dollars a tonne.
The three-month unofficial nickel price lost 192.5 dollars, or 1.48 percent, to 12,820 dollars a tonne.
The three-month unofficial tin price increased 50 dollars, or 0.30 percent, to 16,775 dollars a tonne. Endit