Lead jumped by 3.7% to $US1953.25 per tonne, while copper was up by 2.6% to $4754.50/t.
It comes after positive Chinese data releases this week.
Nickel was the only lagger, falling by 0.2%, as UBS reported that the results of mine audits by authorities in the Philippines has been delayed by a week until next Thursday.
Analyst Daniel Morgan said speculation over closures would continue to drive the nickel market.
“Much nickel-market focus/press has been on a potential Philippine supply shock. Getting less focus in our view is the demand side which has been improving,” he said, citing higher stainless steel production.
“Directors of nickel mining companies may have decided to delay any shuts being contemplated until a clearer picture emerges of the Philippines situation.
“A still low nickel price where around 30-50% of supply is losing money at spot of around $4.45/lb might prompt new closures.”
Meanwhile, the Metal Bulletin iron ore spot price faced its eighth straight loss, dropping by another 12c to $55.97/t, its lowest level since late July.
.
TLM Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)