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LME base metals close lower on Friday

Xinhua, May 23, 2015 Adjust font size:

The base metals prices on the London Metal Exchange (LME) closed lower on Friday.

The U.S. dollar index rose as the U.S. consumer prices rose for the third straight month in April, weighing on the metals prices.

The U.S. consumer price index gained 0.1 percent in April after increasing 0.2 percent in March, said the U.S. Labor Department on Friday.

Besides, excluding volatile food and energy categories, the U.S. core prices index climbed 0.3 percent, the largest increase over two years.

The three-month unofficial copper price decreased 86.5 U.S. dollars, or 1.4 percent, to 6,179 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 8.5 U.S. dollars, or 0.4 percent, to 1,771 U.S. dollars a tonne.

The three-month unofficial lead price decreased 10.5 U.S. dollars, or 0.53 percent, to 1,964 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price lost 21 U.S. dollars, or 0.95 percent, to 2,185 U.S. dollars a tonne.

The three-month unofficial nickel price decreased 277.5 U.S. dollars, or 2.10 percent, to 12,910 U.S. dollars a tonne.

The three-month unofficial tin price lost 75 U.S. dollars, or 0.47 percent, to 15,825 U.S. dollars a tonne. Endit