LME base metals rise mostly on Thursday
Xinhua, June 19, 2015 Adjust font size:
The base metals prices on the London Metal Exchange (LME) closed mostly higher on Thursday.
After the conclusion of a two-day Federal Reserve policy meeting, the Fed signaled that it was on track to raise the benchmark interest rate this year despite the lower-than-expected economic outlook.
Some analysts believed that the pace of rate hikes would be slower when the Fed starts raising rates.
The conclusion weighed on U.S. dollar index, giving momentum to base metals prices.
The three-month unofficial copper price increased 6.5 U.S. dollars, or 0.11 percent, to 5,749 U.S. dollars per tonne.
The three-month unofficial aluminium price increased 2 U.S. dollars, or 0.12 percent, to 1,709 U.S. dollars a tonne.
The three-month unofficial lead price increased 17 U.S. dollars, or 0.95 percent, to 1,815 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price increased 3 U.S. dollars, or 0.14 percent, to 2,080 U.S. dollars a tonne.
The three-month unofficial nickel price lost 40 U.S. dollars, or 0.31 percent, to 12,770 U.S. dollars a tonne.
The three-month unofficial tin price increased 300 U.S. dollars, or 2.04 percent, to 14,975 U.S. dollars a tonne. Endit