LME base metals rise on Monday

January 27, 2015 7:01 am 

LONDON, Jan. 27 — The base metal prices on the London Metal Exchange (LME) closed higher on Monday.

The base metals prices rebounded on Monday as the stabilized Brent crude oil futures price.

Aluminum price rose as global stockpiles dropped to the lowest in more than five years, data from bloomberg showed, signaling tighter supplies of the metal.

Aluminum warehouse inventories decreased by 5,250 tonnes, bringing LME stocks to 4,080,925 tonnes on Monday.

The three-month unofficial aluminium price increased 18.75 U.S. dollars, or 1.02 percent, to 1,865.5 dollars a tonne.

The three-month unofficial copper price increased 55 dollars, or 0.99 percent, to 5,597.5 dollars per tonne.

The three-month unofficial lead price increased 18 dollars, or 0.98 percent, to 1,862.5 dollars a tonne.

Besides, the three-month unofficial zinc price increased 25 dollars, or 1.18 percent, to 2,139 dollars a tonne.

The three-month unofficial nickel price increased 400 dollars, or 2.79 percent, to 14,712.5 dollars a tonne.

The three-month unofficial tin price increased 50 dollars, or 0. 26 percent, to 19,500 dollars a tonne. (PNA/Xinhua)

FPV/JSD

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