Shanghai base metals up

Base metal prices climbed on Tuesday, lifted by a rebound in equities on hopes that a trade war between top metals consumer China and the United States may be avoided. The most traded May contract on the Shanghai Futures Exchange (ShFE) closed up 0.1 percent at 49,620 yuan ($7,938.56) a tonne. Zinc was trading 0.8 percent higher in London and closed up 1.4 percent in Shanghai. Nickel was the only base metal to fall in Shanghai, closing down 0.4 percent after customs data on Monday showed China's refined nickel imports fell 7.9 percent in February.