LME base metal prices drop over global economy concerns

The base metal prices on the London Metal Exchange (LME) closed lower on Wednesday, over worries of the health of the world economy.
Spending at U.S. retailers declined in September, raising concerns about the strength of American consumers amid signs of a global slowdown.
Retail and food sales fell 0.3 percent followed a 0.6 percent August gain, the U.S. Commerce Department said Wednesday. It was the first decline in sales since January, when an unusually cold winter slowed the economy.
The three-month unofficial copper price dropped 125 U.S. dollars, or 1.84 percent, to 6,654 U.S. dollars per tonne.
The three-month unofficial aluminum price lost 16.5 U.S. dollars, or 0.85 percent, to 1,925.5 U.S. dollars a tonne.
The three-month unofficial lead price lost 34 U.S. dollars, or 1.65 percent, to 2,023 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 53 U.S. dollars, or 2.27 percent, to 2,279 U.S. dollars a tonne.
The three-month unofficial nickel price lost 565 U.S. dollars, or 3.45 percent, to 15,825 U.S. dollars a tonne.
The three-month unofficial tin price lost 475 U.S. dollars, or 2.35 percent, to 19,700 U.S. dollars a tonne.