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Industrial Metals Advance as China’s Loan Data Exceed Estimates
Friday, April 12, 2013 0:33
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Base metals climbed, led by gains in nickel, after China’s loan data in March exceeded estimates, raising demand prospects in the largest user.
Nickel for delivery in three months rose 0.8 percent to $16,175 a metric ton on the London Metal Exchange as of 10:07 a.m. Shanghai time. Lead climbed 0.4 percent to $2,098 a ton, and zinc gained 0.2 percent to $1,914 a ton, while copper and aluminum were little changed.
