Base metals slide on Monday

Base metals slide on Monday

Base metals on the LME were all down on Monday, as the US unemployment rate climbed to 14-year high of 6.5 percent, except for tin price.

Tin price increased by US$125/ton to US$14,700/ton.
Copper price dropped by US$50/ton to US$3,755/ton, with stocks increasing by 2,250 tons. Nickel price dropped by US$430/ton to US$10,975/ton.
Zinc price saw an increase of US$6.65/ton, closing at US$1,091.35/ton,

while aluminum price also dipped by US$79/ton to US$1,960/ton. Lead price dropped by US$98/ton to US$1,361/ton.