Arab Today, arab today london metal exchange base metals close higher
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

London Metal Exchange base metals close higher

Arab Today, arab today

Arab Today, arab today London Metal Exchange base metals close higher

London Metal Exchange
London - XINHUA

The base metal prices on the London Metal Exchange (LME) closed higher mostly on Thursday.
U.S. existing home sales in October rose to its highest level since September 2013 and are above year-on-year levels for the first time in 2014, the National Association of Realtors (NAR) said Thursday.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October from a revised-up 5.18 million in September.
The base metals prices rose mostly as housing market data pointed to improved demand prospects in the United States, the second largest consumer of industrial metals.
The three-month unofficial copper price increased 8.5 U.S. dollars, or 0.13 percent, to 6,667.5 dollars per tonne.
The three-month unofficial aluminium price increased 1 dollars, or 0.05 percent, to 2,022 dollars a tonne.
The three-month unofficial lead price lost 5 dollars, or 0.25 percent, to 2,024 dollars a tonne.
Besides, the three-month unofficial zinc price increased 0.5 dollars, or 0.02 percent, to 2,252 dollars a tonne.
The three-month unofficial nickel price increased 250 dollars, or 1.55 percent, to 16,387.5 dollars a tonne.
The three-month unofficial tin price increased 250 dollars, or 1.28 percent, to 19,825 dollars a tonne.

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