LME base metals close higher on Monday
Xinhua, April 28, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed higher on Monday as a weaker U.S. dollar.
A weaker dollar also boosted metals prices. A cheaper dollar is typically a positive influence for commodities because it makes them more inexpensive for investors holding other currencies.
Besides, positive news from Greece also was a positive factor. Greek Prime Minister Alexis Tsipras reshuffled the team of negotiators with international lenders on the resolution of the debt crisis, it was announced on Monday.
The three-month unofficial copper price increased 61 U.S. dollars, or 1.01 percent, to 6,097 dollars per tonne.
The three-month unofficial aluminium price increased 17 dollars, or 0.93 percent, to 1,843 dollars a tonne.
The three-month unofficial lead price increased 21 dollars, or 1.01 percent, to 2,097 dollars a tonne.
Besides, the three-month unofficial zinc price increased 50 dollars, or 2.22 percent, to 2,299 dollars a tonne.
The three-month unofficial nickel price increased 412.5 dollars, or 3.13 percent, to 13,600 dollars a tonne.
The three-month unofficial tin price increased 450 dollars, or 2.86 percent, to 16,175 dollars a tonne. Endit