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LME base metals decline on Wednesday

Xinhua, May 21, 2015 Adjust font size:

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

Data showed LME warehouse stocks of the metal jumped to a record 446,640 tonnes, signalling weak global demand while supply has proved resilient to a ban on nickel ore exports from Indonesia.

The three-month unofficial nickel price lost 202.5 U.S. dollars, or 1.54 percent, to 12,985 U.S. dollars a tonne.

The three-month unofficial copper price increased 3 U.S. dollars, or 0.05 percent, to 6,219 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 8 U.S. dollars, or 0.45 percent, to 1,781.5 U.S. dollars a tonne.

Besides, the three-month unofficial lead price lost 20 U.S. dollars, or 1.03 percent, to 1,919 U.S. dollars a tonne.

The three-month unofficial zinc price lost 31 U.S. dollars, or 1.39 percent, to 2,207 U.S. dollars a tonne.

The three-month unofficial tin price increased 225 U.S. dollars, or 1.42 percent, to 16,025 U.S. dollars a tonne. Endit