METALS-Industrial Metals Rise On Risk Appetite, Firm Dollar Weighs

0 409

Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style frenzy, although a stronger dollar limited gains.

LME three-month copper rose 0.7% to $7,875 a tonne by 0809 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange closed 1% higher at 58,210 yuan ($8,993.71) a tonne.

LME aluminium rose 0.3% to $1,999.50 a tonne, nickel advanced 1.4% to $17,890 a tonne and zinc increased 1.2% to $2,659 a tonne.

ShFE aluminium rose 2.5% to 15,555 yuan a tonne, nickel climbed 2.1% to 132,850 yuan a tonne, while lead added 2% to 15,275 yuan a tonne.

 

-REUTERS

Leave A Reply

Your email address will not be published.