LME base metals' prices rise on Monday

The base metals prices on the London Metal Exchange (LME) closed higher on Monday.

Copper price rose because of the supply shortage.

Chile-owned copper giant Codelco said striking workers damaged its Salvador mine, and talks to end a nearly three-week strike came to a halt.

Besides, reports said heavy rains in northern Chile forced some mines to stop operations.

The three-month unofficial copper price increased 70 U.S. dollars, or 1.35 percent, to 5,257 U.S. dollars per tonne.

The three-month unofficial aluminium price increased 11.25 U.S. dollars, or 0.70 percent, to 1,610.25 U.S. dollars a tonne.

The three-month unofficial lead price increased 38.5 U.S. dollars, or 2.25 percent, to 1,748 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price increased 19 U.S. dollars, or 1.01 percent, to 1,894 U.S. dollars a tonne.

The three-month unofficial nickel price increased 252.5 U.S. dollars, or 2.31 percent, to 11,165 U.S. dollars a tonne.

The three-month unofficial tin price increased 325 U.S. dollars, or 2.12 percent, to 15,650 U.S. dollars a tonne. Endit