Copper rose to its highest peak since mid-May on Wednesday after assurance on economic growth from top metals consumer China. It was traded at $7,145 a tonne from $7,059 at the close on Tuesday and compared with a session high at $7,198.
Copper, used in construction and manufacturing, eased more than 1 percent on Tuesday after weak U.S. consumer confidence data fuelled concerns over the pace of the global economic recovery.
Aluminium traded at $2,077 in LME rings versus $2,056, down from an earlier two month high at $2,086. A large portion of those aluminium stocks are tied up in finance deals. Many analysts say that the aluminium market is oversupplied, and could put downward pressure prices.
Among other metals, steel making ingredient nickel was untraded in exchange rings but last bid at $20,450 from $20,550, while battery material lead was traded $1,993 from $1,977.
Zinc traded at $1,955 a tonne in LME rings from $1,910 and tin at $19,500 from $19,550. Zinc earlier touched its highest level since May 17 at $1,967.75. Source: Yahoo Finance, Reuters
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