LME base metals close lower on Monday
Xinhua, June 16, 2015 Adjust font size:
The base metals prices on the London Metal Exchange (LME) closed lower on Monday, as Greek talks collapse.
The two-day talks in Brussels between representatives of the Greek government and its creditors over the prerequisites for the disbursement of further aid to Greece broke up on Sunday.
A European commission spokesman said there remained wide differences between Greece's reform plan and the requirement of it's international creditors.
Many believe that hope to strike a deal from now to Thursday's Eurogroup meeting in Luxembourg is the last chance before Greece's EU bailout expires by the end of June.
The three-month unofficial copper price dropped 68.5 U.S. dollars, or 1.16 percent, to 5,819 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 35.5 U.S. dollars, or 2.04 percent, to 1,706.5 U.S. dollars a tonne.
The three-month unofficial lead price lost 35 U.S. dollars, or 1.89 percent, to 1,820 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 12 U.S. dollars, or 0.56 percent, to 2,116 U.S. dollars a tonne.
The three-month unofficial nickel price lost 165 U.S. dollars, or 1.26 percent, to 12,910 U.S. dollars a tonne.
The three-month unofficial tin price lost 150 U.S. dollars, or 1.01 percent, to 14,650 U.S. dollars a tonne. Endit