Industrial metals hit by firmer dollar


    HANOI- Base metals fell on Thursday, weighed by a broader sell-off in global equities and as a stronger dollar made greenback-priced metals more expensive for holders of other currencies.

    Three-month nickel on the London Metal Exchange fell 1.1 percent to $17,715 a ton, lead declined 0.9 percent at $2,027.50 a ton, aluminum shed 0.4 percent at $1,984.50 a ton and copper was almost flat at $7,824 a ton.

    The most-traded March copper contract on the Shanghai Futures Exchange dropped 1.6 percent to 57,890 yuan ($8,930.06) a ton, nickel declined 2.1 percent at 131,180 yuan a ton and zinc lost 2.1 percent at 19,445 yuan a ton.

    Asian shares slid, while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines shook investor optimism about an early recovery for the global economy.