Sheets of copper cathodes are seen at the copper cathodes plant inside the La Escondida copper mine near Antofagasta, Chila.  (Reuters Photo)

BEIJING- Prices of most base metals trended lower on Thursday, weighed down by a stronger US dollar after the Federal Reserve unveiled its oversized interest rate cut that had been largely priced in by markets.

Three-month copper on the London Metal Exchange slid 0.9 percent  to $9,319.50 per metric ton, reversing gains in the previous session.

The most-traded October copper contract on the Shanghai Futures Exchange was little mvoed at 74,480 yuan ($10,479.07) a ton.

The US central bank on Wednesday kicked off its monetary easing cycle with a larger-than-usual half-percentage-point reduction that Chair Jerome Powell said was meant to show policymakers’ commitment to sustaining a low unemployment rate now that inflation has eased.

US dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Fed’s decision.

LME aluminum lost 1.2 percent  to $2,506 a ton, zinc slid 1.1 percent  to $2,507.50, nickel was down 0.8 percent  at $16,110, lead shed 0.4 percent  to $2,030 and tin declined 1.5 percent  to $31,125.

SHFE aluminum slipped 0.4 percent  to 19,805 yuan a ton, nickel edged 0.2 percent  lower to 123,670 yuan, zinc dipped 0.6 percent  to 23,755 yuan, lead declined 0.9 percent  to 16,300 yuan and tin dropped 1 percent  to 252,910 yuan.