LME base metals mostly higher on Wednesday
Xinhua, April 16, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) were mostly higher on Wednesday after newly-released Chinese economic data raised the possibility of fresh stimulus measures.
China's quarterly gross domestic product (GDP) growth figure was on target at seven percent but other economic indicators underperformed market expectations.
The three-month unofficial copper price dropped 1 U.S. dollars, or 0.02 percent, to 5,937 U.S. dollars per tonne.
LME Aluminium moved above 1,800 U.S. dollars for the first time since March 31.
The three-month unofficial aluminium price increased 31 U.S. dollars, or 1.74 percent, to 1,817 U.S. dollars a tonne.
The three-month unofficial lead price increased 18 U.S. dollars, or 0.91 percent, to 1,999 U.S. dollars a tonne.
The three-month unofficial zinc price increased 11 U.S. dollars, or 0.50 percent, to 2,207 U.S. dollars a tonne.
The three-month unofficial nickel price increased 100 U.S. dollars, or 0.80 percent, to 12,637.5 U.S. dollars a tonne.
The three-month unofficial tin price lost 300 U.S. dollars, or 1.84 percent, to 16,025 U.S. dollars a tonne. Endit