LME Copper prices decline

LONDON (Scrap Monster): London Metal Exchange (LME) copper declined by 0.69% to $7635 a metric ton on Monday, pressured by a decline in U.S. retail sales, worries over Europe's crisis and by investor concerns over whether a presentation by the U.S. Federal Reserve chairman this week will yield any clues on monetary easing.

Data showed a surprise drop in U.S. retail sales in June, putting pressure on risky assets such as equities.

All other metal prices also ended in red on LME market on Monday.

LME Price Highlights:

--Aluminium alloy declined 0.9% to $1760 a metric ton

--Aluminium remain unchanged at $1861 per metric ton

--Copper dipped 0.69% to $7635 a metric ton

--Lead slipped 1.25% to $1850.50 per metric ton

--Nickel declined 1.2% to $15955 per metric ton

--Tin declined 0.18% to $18740 per metric ton

--Zinc slipped 0.53% to $1857 a metric ton

--Steel dipped 3.5% to $385 per metric ton

The LME metal prices in US $ per metric ton as on July 16, 2011. The figures in brackets refer to prices that prevailed on the previous day.