Industrial metals rallied after the Fed announced QE3 on Thursday. The base metals' pack also found support on weaker greenback and hopes that China may ease its prudent monetary policy. At the same time, disappointing US industrial production data capped the upswing of the commodity group.
Aluminum jumped on hopes for better demand from the US and slightly lower inventory levels at the LME warehouses.
Copper joined the rally of the commodity group; however, the upswing was restricted by elevated inventory levels.
Nickel was the top-performer amid expectations that QE3 in the US will boost steel demand. Hopes for easing in China also pushed the nickel's price higher.
Zinc climbed despite persistent supply glut in the market. The metal was also lifted by euphoria over easing measures in the US.