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LME base metals declined on Monday

Xinhua, January 20, 2015 Adjust font size:

The base metal prices on the London Metal Exchange (LME) closed mostly lower on Monday.

Brent crude oil prices fell on Monday after Iraq announced record oil production.

Data from BBC showed, Brent crude oil prices fell to 48.72 U.S. dollars per barrel during Monday's trading session.

Ivernia Inc. announced Friday its Paroo Station mine in Western Australia would be shut down due to weak prices for lead. The news boosted the price of lead.

The three-month unofficial lead price increased 14 U.S. dollars, or 0.76 percent, to 1,859 U.S. dollars a tonne.

The three-month unofficial copper price dropped 6.5 U.S. dollars, or 0.11 percent, to 5,677.5 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 5.5 U.S. dollars, or 0.30 percent, to 1,829.5 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price increased 1 U.S. dollar, or 0.05 percent, to 2,087 U.S. dollars a tonne.

The three-month unofficial nickel price lost 137.5 U.S. dollars, or 0.94 percent, to 14,550 U.S. dollars a tonne.

The three-month unofficial tin price lost 62.5 U.S. dollars, or 0.32 percent, to 19,350 U.S. dollars a tonne. Enditem