Base metals prices down as dollar strengthens

    668

    Prices of industrial metals fell on Wednesday as a stronger US dollar made greenback-priced metals more expensive for buyers holding other currencies.

    Three-month copper on the London Metal Exchange fell 0.7 percent to $6,6768 a ton.

    Aluminum dropped 1.3 percent to $1,880.50 a ton, zinc declined 0.7 percent to $15,255 a ton, nickel lost 1.3 percent to $2,534.50 a ton and lead was down 0.4 percent at $1,802.50 a ton.

    The US dollar clawed back early losses against risk-sensitive currencies after preliminary results suggested President Donald Trump has a slight edge over Democratic challenger Joe Biden in Florida, a key battleground state.