Base Metals Climbed on Optimism China May Pause Monetary Tightening

Bloomberg reports that base metal prices, including nickel, climbed as investors remain positive China won’t tighten monetary spending.

The market news is quoted as saying,

Aluminum in London increased 0.3 percent to $2,564 a ton, zinc gained 0.3 percent to $2,386 a ton and nickel climbed 0.4 percent to $23,479 a ton. Lead increased 0.2 percent to $2,705 a ton, while tin fell 0.5 percent to $26,601 a ton.

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