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LME base metals close lower on Wednesday

Xinhua, March 12, 2015 Adjust font size:

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

The U.S. dollar index kept rising on Wednesday, which weighed on the base metal prices.

The value of the euro decreased to a 12-year-low, increasing parity with the U.S. dollar during the trading session on Wednesday, as the European Central Bank's quantitative easing program got underway, data from Bloomberg showed.

The three-month unofficial copper price dropped 39 U.S. dollars, or 0.67 percent, to 5,741 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 4 U.S. dollars, or 0.23 percent, to 1,763 U.S. dollars a tonne.

The three-month unofficial lead price lost 5 U.S. dollars, or 0.28 percent, to 1,809 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price lost 17.5 U.S. dollars, or 0.86 percent, to 2,009.5 U.S. dollars a tonne.

The three-month unofficial nickel price lost 175 U.S. dollars, or 1.24 percent, to 13,962.5 U.S. dollars a tonne.

The three-month unofficial tin price lost 262.5 U.S. dollars, or 1.47 percent, to 17,625 U.S. dollars a tonne. Endit