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LME base metals close mixed on Thursday

Xinhua, May 22, 2015 Adjust font size:

The base metals prices on the London Metal Exchange (LME) closed mixed on Thursday.

The U.S. dollar index lost momentum as it seemed unlikely that the U.S. Federal Reserve would raise interest rate in June.

According to the Fed's April minutes, many of the participants in the Fed's April policy meeting "thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied."

The soft U.S. dollars lift the prices of some metals.

The three-month unofficial copper price increased 46.5 U.S. dollars, or 0.75 percent, to 6,265.5 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 2 U.S. dollars, or 0.11 percent, to 1,779.5 U.S. dollars a tonne.

The three-month unofficial lead price increased 55.5 U.S. dollars, or 2.89 percent, to 1,974.5 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price lost 1 U.S. dollars, or 0.05 percent, to 2,206 U.S. dollars a tonne.

The three-month unofficial nickel price increased 202.5 U.S. dollars, or 1.56 percent, to 13,187.5 U.S. dollars a tonne.

The three-month unofficial tin price lost 125 U.S. dollars, or 0.78 percent, to 15,900 U.S. dollars a tonne. Endit