LME base metals close higher on Thursday
Xinhua, May 1, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed higher on Thursday, as a result of the falling of U.S. dollars.
The U.S. dollars exchange rate fell sequentially as the time of rate hike in the U.S. is still unclear.
The Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy, which lowered market expectations for an interest rate hike as soon as June.
The three-month unofficial copper price increased 153 U.S. dollars, or 2.50 percent, to 6,284 U.S. dollars per tonne.
The three-month unofficial aluminium price increased 28 U.S. dollars, or 1.48 percent, to 1,917 U.S. dollars a tonne.
The three-month unofficial lead price increased 9 U.S. dollars, or 0.43 percent, to 2,094 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price increased 29 U.S. dollars, or 1.26 percent, to 2,323 U.S. dollars a tonne.
The three-month unofficial nickel price increased 330 U.S. dollars, or 2.45 percent, to 13,815 U.S. dollars a tonne.
The three-month unofficial tin price increased 425 U.S. dollars, or 2.70 percent, to 16,150 U.S. dollars a tonne. Endit