Industrial metals were mixed on Wednesday after the Bank of Japan announced easing program to stimulate faltering economy. Moreover, slightly better-than-expected HSBC China's PMI release lifted the base metals.
Aluminum was the top-loser amid increased global output and elevated inventory levels at the LME warehouses. Meanwhile, traders remained cautious ahead of the US jobless claims data due on Thursday.
Copper added 0.37% on positive headlines from the US and Asia. US existing home sales reached more than two-year high, thus pushing the red metal higher.
Nickel extended losses amid persistent supply. Increasing cautiousness ahead of flash PMI data from Eurozone and US due on Thursday also weighted down on the metal's price.
Zinc was top-performer as canceled warrants at the LME soared about 15%, pointing at potential drop in inventories.