LOS ANGELES, July 8: The London Metal Exchange (LME) base metals closed higher on Friday, as fund buying in quiet markets offset earlier selling by manufacturers. Traders said the market is currently out of Thursday The shadow of the London bombings. An insider said: "The transaction proceeds as usual." The LME kept trading on the exchange's electronic trading system and telephone market on Thursday. The trading floor reopened on Friday. The trader said: “The market conditions were quiet at first, but aluminum began to rise in the later period, and there were also a lot of trading copper.†“It looks like the rally is still intact and may be a new high.†** Copper is firmly supported** Currently global copper stocks are at 20 The low level since the 1970s and the strikes of miners in the American countries have increased tensions on the supply side. As a result, LME copper has firm support. Last month, it touched a record high of US$3,435 per ton. On Friday, copper stocks further decreased by 300 tons to 29,150. Three-month copper closed at $3,362, up $47. Three-month aluminum was quoted at $1,786, or $54, or about 3%. Another trader said: "The fund's buying has pushed up the market. They have used the light. Quiet market conditions, especially Aluminium, today's rally is quite impressive." Three-month nickel rose from 185 US dollars to 14,775; zinc also rose 17 US dollars to 1,225; lead was not traded, quoted price rose 4.50 US dollars to 877/882; period tin fell by 30 US dollars to 7,100.
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