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LME base metals fall on Wednesday

Xinhua, March 19, 2015 Adjust font size:

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

Strong U.S. dollars and the falling oil prices continued to weigh on metal prices.

The U.S. Federal Reserve said Wednesday that it is unlikely to raise interest rates in April, but dropped the word "patient" from its policy statement, setting the stage for an interest rate hike later this year.

 The three-month unofficial copper price dropped 103.5 U.S. dollars, or 1.80 percent, to 5,655.5 dollars per tonne.

The three-month unofficial aluminium price lost 10.5 dollars, or 0.59 percent, to 1,766 dollars a tonne.

The three-month unofficial lead price lost 32 dollars, or 1.85 percent, to 1,696 dollars a tonne.

Besides, the three-month unofficial zinc price lost 13.5 dollars, or 0.67 percent, to 1,992.5 dollars a tonne.

The three-month unofficial nickel price lost 62.5 dollars, or 0.46 percent, to 13,612.5 dollars a tonne.

The three-month unofficial tin price lost 300 dollars, or 1.74 percent, to 16,975 dollars a tonne. Endit