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LME base metals close higher on Friday

Xinhua, April 25, 2015 Adjust font size:

The base metal prices on the London Metal Exchange (LME) closed higher on Friday as a result of weaker U.S. dollar and strong oil price.

Brent crude rose on Friday as air strikes in Yemen stoked concerns over the security of Middle East oil shipments, marking a third consecutive week of price increases.

Brent crude oil future price rose 0.8 percent to 65.35 U.S. dollars per barrel during Friday's trading session, data from BBC showed.

The three-month unofficial copper price increased 105 U.S. dollars, or 1.77 percent, to 6,036 U.S. dollars per tonne.

The three-month unofficial aluminium price increased 56.5 U.S. dollars, or 3.19 percent, to 1,826 U.S. dollars a tonne.

The three-month unofficial lead price increased 48 U.S. dollars, or 2.37 percent, to 2,076 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price increased 29.5 U.S. dollars, or 1.33 percent, to 2,249 U.S. dollars a tonne.

The three-month unofficial nickel price increased 560 U.S. dollars, or 4.43 percent, to 13,187.5 U.S. dollars a tonne.

The three-month unofficial tin price increased 200 U.S. dollars, or 1.29 percent, to 15,725 U.S. dollars a tonne. Endit