Arab Today, arab today lme base metals close higher mostly on wednesday
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

LME base metals close higher mostly on Wednesday

Arab Today, arab today

Arab Today, arab today LME base metals close higher mostly on Wednesday

LME base metals
London - XINHUA

The base metal prices on the London Metal Exchange (LME) closed higher mostly on Wednesday, lifting by weaker U.S. dollars.

The U.S. dollar exchange rate go down due to poor U.S. economic data.

U.S. real gross domestic product (GDP) increased at an annual rate of 0.2 percent in the first quarter this year, according to an advanced estimate released by the U.S. Commerce Department on Wednesday.

The first quarter GDP showed a sharp slowdown from the fourth quarter's 2.2 percent pace and below expectations.

The three-month unofficial copper price increased 28.5 U.S. dollars, or 0.47 percent, to 6,131 dollars per tonne.

The three-month unofficial aluminium price increased 23 dollars, or 1.23 percent, to 1,889 dollars a tonne.

The three-month unofficial lead price lost 6 dollars, or 0.29 percent, to 2,085 dollars a tonne.

Besides, the three-month unofficial zinc price increased 3 dollars, or 0.13 percent, to 2,294 dollars a tonne.

The three-month unofficial nickel price increased 72.5 dollars, or 0.54 percent, to 13,485 dollars a tonne.

The three-month unofficial tin price lost 150 dollars, or 0.94 percent, to 15,725 dollars a tonne.

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