LME base metals slip on Greek impasse
Xinhua, June 26, 2015 Adjust font size:
The base metals prices on the London Metal Exchange (LME) dropped on Thursday as the negotiations between international creditors and Greek government made no deal.
Top-level negotiations between Greece's prime minister and international lenders ended earlier without a deal.
Traders were struggling in this atmosphere and the mood was depressed in the LME market.
In the metals, the three-month unofficial copper price dropped 66 U.S. dollars, or 1.13 percent, to 5,750 U.S. dollars per tonne.
In other metals, the three-month unofficial aluminium price lost 0.5 U.S. dollars, or 0.03 percent, to 1,724.5 U.S. dollars a tonne. The three-month unofficial lead price lost 10 U.S. dollars, or 0.55% percent, to 1,795 U.S. dollars a tonne.
Meanwhile, the three-month unofficial zinc price lost 7 U.S. dollars, or 0.34 percent, to 2,047 U.S. dollars a tonne. The three-month unofficial nickel price lost 100 U.S. dollars, or 0.79 percent, to 12,637.5 U.S. dollars a tonne. The three-month unofficial tin price lost 337.5 U.S. dollars, or 2.21 percent, to 14,937.5 U.S. dollars a tonne. Endit