London LME base metals rebound on Wednesday

The base metals prices on the London Metal Exchange (LME) rebounded on Wednesday amid slightly brighter prospects for a Greek bailout deal.

Greece missed the deadline for its 1.6-billion-euro repayment (1.77 billion U.S. dollars) to the International Monetary Fund, but Greek Prime Minister Alexis Tsipras has told international creditors Athens could accept their bailout offer if some conditions were changed.

The three-month unofficial copper price was up 69 U.S. dollars, or 1.21 percent, to 5,795 dollars per tonne.

The three-month unofficial aluminium price rose 37 dollars, or 2.19 percent, to 1,726 dollars a tonne. The three-month unofficial lead price rose 32 dollars, or 1.82 percent, to 1,789 dollars a tonne.

Meanwhile, the three-month unofficial zinc price was up 60 dollars, or 3.01 percent, to 2,051 dollars a tonne. The three-month unofficial nickel price was up 15 dollars, or 0.13 percent, to 11,940 dollars a tonne. The three-month unofficial tin price was up 462.5 dollars, or 3.31 percent, to 14,425 dollars a tonne.