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London January 7 news, LME base metals closed higher across the board Friday, but out of highs, as the dollar rose against the euro. Three-month copper closed at 2,974 US dollars per tonne, higher than Wednesday's closing price of 2,951 U.S. dollars. It had traded not far below 3,000 U.S. dollars. A trader said that exchange rate fluctuations are factors that dominate the metal market. The spot price/three-month inverse price spread has been extended from about $110 on Tuesday to $155/165. The period of aluminum and other metals increased during the copper period. Three-month aluminum rose to 1,814, and the spot/three-month inverse price spread was 7.00/10.00. The three-month lead rose to 913 US dollars. Three-month zinc rose to 1,228 and was quoted at $1,207 on Thursday. The three-month nickel closed at 15,000, higher than Thursday's $14,500. The 3-month tin report was 7,745, which was $7,500 on Thursday.
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