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LME base metals decline mostly on Thursday

Xinhua, March 13, 2015 Adjust font size:

The base metal prices on the London Metal Exchange (LME) closed mostly lower on Thursday, dragged down by disappointing data from the U.S..

Retail sales in the U.S. continued declining in February for a third month in a row despite improved labor market and lower energy prices.

The U.S. Commerce Department said on Thursday that retail sales in February fell 0.6 percent from the previous month after a 0.8 percent fall in January.

Copper price rose as the U.S. dollar exchange rate was steady on Thursday. The three-month unofficial copper price increased 87 U.S. dollars, or 1.52 percent, to 5,828 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 13 U.S. dollars, or 0.74 percent, to 1,750 U.S. dollars a tonne.

The three-month unofficial lead price increased 8 U.S. dollars, or 0.44 percent, to 1,817 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price lost 1.5 U.S. dollars, or 0.07 percent, to 2,008 U.S. dollars a tonne.

The three-month unofficial nickel price lost 75 U.S. dollars, or 0.54 percent, to 13,887.5 U.S. dollars a tonne.

The three-month unofficial tin price lost 275 U.S. dollars, or 1.56 percent, to 17,350 U.S. dollars a tonne. Endit