03.15.09
LME Metals Up On Stocks, Chinese Comments (Dow Jones)
13 Mar 2009 17:39 GMT
BASE METALS: LME Metals Up On Stocks, Chinese Comments (Dow Jones)
DJ BASE METALS: LME Metals Up On Stocks, Chinese Comments
By Devon Maylie
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)–Base metals on the London Metal Exchange traded higher
Friday in Europe although slipped in afternoon trading weighed by lower U.S.
equities. The rise was inspired by Asian trading, traders and analysts said.
Copper led the industrial metal complex up Friday on a combination of
technical buying after copper held $3,500 a metric ton Thursday, a drop in LME
and Shanghai warehouses and comments from China’s Premier Wen Jiabao affirming
the country could achieve around 8% growth this year and if needed could
provide additional stimulus measures.
