Copper US$6179 becomes $7898 in Aussie....... ($7981)
Lead US$1964 becomes $2510 in Aussie....... ($2458)
Zinc US$2185 becomes $2793 in Aussie....... ($2951)
Tin US$15,825 becomes $20,228 in Aussie....... ($19,822)
Brackets indicate Aussie prices from a week ago.
(Aussie helped slightly)
LME base metals close lower on Friday
May 23, 2015
The base metals prices on the London Metal Exchange (LME) closed lower on Friday.
The U.S. dollar index rose as the U.S. consumer prices rose for the third straight month in April, weighing on the metals prices.
The U.S. consumer price index gained 0.1 percent in April after increasing 0.2 percent in March, said the U.S. Labor Department on Friday.
Besides, excluding volatile food and energy categories, the U.S. core prices index climbed 0.3 percent, the largest increase over two years.
The three-month unofficial copper price decreased 86.5 U.S. dollars, or 1.4 percent, to 6,179 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 8.5 U.S. dollars, or 0.4 percent, to 1,771 U.S. dollars a tonne.
The three-month unofficial lead price decreased 10.5 U.S. dollars, or 0.53 percent, to 1,964 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 21 U.S. dollars, or 0.95 percent, to 2,185 U.S. dollars a tonne.
The three-month unofficial nickel price decreased 277.5 U.S. dollars, or 2.10 percent, to 12,910 U.S. dollars a tonne.
The three-month unofficial tin price lost 75 U.S. dollars, or 0.47 percent, to 15,825 U.S. dollars a tonne. Endit