Arab Today, arab today london metal exchange base metals close mixed on wednesday
Last Updated : GMT 18:20:21
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Arab Today, arab today

London Metal Exchange base metals close mixed on Wednesday

Arab Today, arab today

Arab Today, arab today London Metal Exchange base metals close mixed on Wednesday

Traders and clerks work at the London Metal Exchange
London - XINHUA

The base metals prices on the London Metal Exchange (LME) closed mixed on Wednesday.

Some metals prices dropped as the weaker-than-expected data from the United States.

U.S. consumer confidence index for July came in at 90.9, down from 99.8 in June and missing expectations, according to the New York-based research group Conference Board Tuesday.

However, copper price rose due to supply concern.

A strike at Chile's state-owned miner Codelco forced its second largest copper mine to halt operation. Besides, Freeport-McMoran company said it would consider copper production cuts as part of a review due to low prices.

The three-month unofficial copper price increased 11.5 U.S. dollars, or 0.22 percent, to 5,316 dollars per tonne.

The three-month unofficial aluminium price increased 1 dollar, or 0.06 percent, to 1,662 dollars a tonne.

The three-month unofficial lead price lost 10 dollars, or 0.58 percent, to 1,724 dollars a tonne.

Besides, the three-month unofficial zinc price lost 17 dollars, or 0.86 percent, to 1,967 dollars a tonne.

The three-month unofficial nickel price lost 40 dollars, or 0.35 percent, to 11,245 dollars a tonne.

The three-month unofficial tin price increased 150 dollars, or 0.93 percent, to 16,275 dollars a tonne. Enditem

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