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LME base metals close higher mostly on Monday

Xinhua, March 10, 2015 Adjust font size:

The base metal prices on the London Metal Exchange (LME) closed mostly higher on Monday, as the European Central Bank (ECB) started its quantitative easing program.

The bond buying program of the ECB began on Monday with the aim of fending off deflation and boosting the euro area economy by pumping more money into the real economy.

The three-month unofficial copper price increased 108 U.S. dollars, or 1.88 percent, to 5,854 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 6 U.S. dollars, or 0.33 percent, to 1,788 U.S. dollars a tonne.

The three-month unofficial lead price increased 25 U.S. dollars, or 1.38 percent, to 1,831 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price went up 24 U.S. dollars, or 1.19 percent, to 2,040 U.S. dollars a tonne.

The three-month unofficial nickel price rose 325 U.S. dollars, or 2.27 percent, to 14,650 U.S. dollars a tonne.

The three-month unofficial tin price went up 75 U.S. dollars, or 0.41 percent, to 18,175 U.S. dollars a tonne. Endit