Industry metals, excluding aluminum, advanced on Wednesday despite stronger greenback and global demand concerns. Adding pressure on the commodity pack, Fed officials were indecisive in regards to the next round of QE.
Aluminum was the only loser on continuous closures of mines amid low prices. United Co Rusal, world's largest aluminum producer, plans to halt about 70,000 MT of output at Siberian smelting line.
Copper erased some of the previous losses caused by weak China's consumption. Slight optimism after Spain announced more austerity measures lifted copper.
Nickel rose despite production cuts and weak demand. CaNickel Mining Ltd reported that the firm will continue to halt operations at Bucko Lake Nickel mine.
Zinc gained 1.2% at LME, remaining weak amid deteriorating industrial activity and stronger US Dollar. Recent China's steps towards boosting liquidity continued to support industry metals.