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LME base metals mostly lower on Tuesday

Xinhua, December 9, 2015 Adjust font size:

The base metals prices on the London Metal Exchange (LME) were mostly lower on Tuesday.

Oil slumped to its lowest level since the financial crisis after OPEC failed to address a growing supply glut.

The three-month unofficial copper price was up 20 U.S. dollars, or 0.44 percent, to 4,589 U.S. dollars per tonne.

In other metals, the three-month unofficial aluminium price lost 27 U.S. dollars, or 1.80 percent, to 1,476 U.S. dollars a tonne. The three-month unofficial lead price lost 6 U.S. dollars, or 0.36 percent, to 1,679 U.S. dollars a tonne.

Meanwhile, the three-month unofficial zinc price lost 25 U.S. dollars, or 1.61 percent, to 1,523 U.S. dollars a tonne. The three-month unofficial nickel price lost 87.5 U.S. dollars, or 0.99 percent, to 8,737.5 U.S. dollars a tonne.

The three-month unofficial tin price lost 237.5 U.S. dollars, or 1.60 percent, to 14,587.5 U.S. dollars a tonne. Endit