LME base metals close higher on Tuesday

The base metal prices on the London Metal Exchange (LME) closed higher on Tuesday, due to a weak U.S. dollar exchange rate.

The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was down about 0.41 percent to 95.09 later in Tuesday's trading session.

The weak American dollar, dragged by the poor data from the United States, boosted the metal prices.

The U.S. international trade deficit in goods and services increased to 51.4 billion U.S. dollars in March from a revised level of 35.9 billion dollars in February, said the country's Department of Commerce.

The three-month unofficial copper price increased 26 U.S. dollars, or 0.41 percent, to 6,435 U.S. dollars per tonne.

The three-month unofficial aluminium price went up 34 U.S. dollars, or 1.77 percent, to 1,953 U.S. dollars a tonne.

The three-month unofficial lead price rose 31 U.S. dollars, or 1.46 percent, to 2,150 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price increased 49 U.S. dollars, or 2.09 percent, to 2,392 U.S. dollars a tonne.

The three-month unofficial nickel price increased 457.5 U.S. dollars, or 3.30 percent, to 14,307.5 U.S. dollars a tonne.

The three-month unofficial tin price increased 200 U.S. dollars, or 1.25 percent, to 16,250 U.S. dollars a tonne. Endit