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Base metals close mixed

Reported by AAP
Tuesday, October 14, 2014
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Copper futures have closed higher on the London Metal Exchange, "with copper rallying on the back of decent Chinese import figures," says Leon Westgate at Standard Bank.

The LME's three-month copper contract was up 1.00 per cent at $US6,710 a metric ton at Monday's PM kerb close.

According to the National Bureau of Statistics, China's exports and imports rose year-on-year in September. Chinese exports were up 15.3 per cent and imports climbed seven per cent.

Copper imports climbed to 390,000 tons in September, a 16 per cent month-on-month increase.

Aluminium closed up 0.8 per cent at $US1,945 a metric ton, zinc closed up 1.00 per cent at $US2,336 a ton, nickel closed up 0.5 per cent at $US16,455 a ton, lead closed down 0.2 per cent at $US2,066 a ton, and tin closed down 0.2 per cent at $US20,150 a ton.

21/10/2014 13:13Sydney, Australia. 21 October,2014