LME base metals close mostly higher
Xinhua, April 23, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed mostly higher mostly on Wednesday.
China's demand for copper has been lower than expected since the beginning of 2015, said state-backed research firm Antaike. But the demand is expected to recover in the latter half of the year due to government stimulus measures.
The aluminium price increased as top global aluminum producer United Company Rusal said on Wednesday it may idle a further 200,000 tonnes of aluminum capacity.
The three-month unofficial copper price dropped 11 U.S. dollars, or 0.18 percent, to 5,940 U.S. dollars per tonne.
The three-month unofficial aluminium price increased 1 U.S. dollars, or 0.06 percent, to 1,811 U.S. dollars a tonne.
The three-month unofficial lead price increased 24 U.S. dollars, or 1.18 percent, to 2,057 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price went up 29 U.S. dollars, or 1.32 percent, to 2,232 U.S. dollars a tonne.
The three-month unofficial nickel price lost 100 U.S. dollars, or 0.78 percent, to 12,712.5 U.S. dollars a tonne.
The three-month unofficial tin price grew 212.5 U.S. dollars, or 1.37 percent, to 15,725 U.S. dollars a tonne. Endit