Base metals prices other than lead closed higher on the London Metal Exchange on Thursday December 19, bolstered by an injection of liquidity into China's open markets, while a weaker US dollar index also proved supportive.
Three-month prices trading mixed this morning but ultimately gathered upward momentum after the People's Bank of China (PBoC) injected 30 billion yuan ($4.3 billion) into financial markets today. A softer US dollar index, trading down 0.05% around 97.36 at the close, also acted as a tailwind.But the LME three-month lead price, yesterday's strongest performer, closed down 0.4% on Wednesday's afternoon...