London Metal Exchange base metals down on Monday

The base metals prices on the London Metal Exchange (LME) dropped to fresh multi-year lows as investors flying from risky assets after steep losses in global financial markets.

In the metals, the three-month unofficial copper price dropped 74 U.S. dollars, or 1.47 percent, to 4,973 dollars per tonne.

In other metals, the three-month unofficial aluminium price lost 26 dollars, or 1.68 percent, to 1,525 dollars a tonne. The three-month unofficial lead price lost 36.5 dollars, or 2.16 percent, to 1,656.5 dollars a tonne.

Meanwhile, the three-month unofficial zinc price lost 39 dollars, or 2.21 percent, to 1,727 dollars a tonne.

The three-month unofficial nickel price lost 565 dollars, or 5.56 percent, to 9,595 dollars a tonne.

The three-month unofficial tin price lost 675 dollars, or 4.53 percent, to 14,225 dollars a tonne.