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LME base metals close mix on weak sentiment

Xinhua, January 10, 2015 Adjust font size:

Base metals were mixed on Friday on the London Metal Exchange (LME), Copper edging lower on stronger dollar, weak sentiment.

Copper hit a fresh four-and-a-half-year low prices after China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December. China is the largest copper consumer in the world, which accounts for 45 percent of global copper demand.

The three-month unofficial copper price dropped 20 U.S. dollars, or 0.33 percent, to 6,097.5 dollars per tonne.

In other metals, The three-month unofficial aluminium price was up 29.5 dollars, or 1.64 percent, to 1,826 dollars a tonne.

The three-month unofficial lead price lost 11 dollars, or 0.59 percent, to 1,843 dollars a tonne.

The three-month unofficial zinc price was up 6 dollars, or 0.28 percent, to 2,162 dollars a tonne.

The three-month unofficial nickel price was up 152.5 dollars, or 1.00 percent, to 15,462.5 dollars a tonne.

The three-month unofficial tin price lost 225 dollars, or 1.14 percent, to 19,500 dollars a tonne. Endit