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LME base metals mostly lower on Friday

Xinhua, June 27, 2015 Adjust font size:

The base metals prices on the London Metal Exchange (LME) drifted on Friday ahead of crucial Greece meeting over the weekend.

Following another round of talks on Thursday, Greece has still yet to come to an agreement about how it can pay back its debt. There is another meeting scheduled for Saturday.

The base metals market was disappointed by never-ending Greek tragedy.

In the metals, the three-month unofficial copper price was up 37 U.S. dollars, or 0.64 percent, to 5,787 U.S. dollars per tonne.

In other metals, the three-month unofficial aluminium price lost 16.5 U.S. dollars, or 0.96 percent, to 1,708 U.S. dollars a tonne. The three-month unofficial lead price lost 6 U.S. dollars, or 0.33% percent, to 1,789 U.S. dollars a tonne.

Meanwhile, the three-month unofficial zinc price lost 21 U.S. dollars, or 1.03 percent, to 2,026 U.S. dollars a tonne. The three-month unofficial nickel price lost 150 U.S. dollars, or 1.19 percent, to 12,487.5 U.S. dollars a tonne. The three-month unofficial tin price lost 75 U.S. dollars, or 0.50 percent, to 14,862.5 U.S. dollars a tonne. Endit