Copper prices rebound on LME Monday

Base metal prices on the London Metal Exchange (LME) mainly closed higher on Monday, with copper prices rebounded.
Copper went higher on Monday as some investors regarded recent losses as overdone, but gains were capped after new home prices in top metal consumer China fell in July for a third month in a row.
The three-month unofficial copper price increased 67 U.S. dollars, or 0.98 percent, to 6,911 U.S. dollars per tonne.
The three-month unofficial aluminum price increased 25 U.S. dollars, or 1.26 percent, to 2,017 U.S. dollars a tonne.
The three-month unofficial lead price increased 11 U.S. dollars, or 0.50 percent, to 2,218 U.S. dollars a tonne.
The three-month unofficial zinc price increased 15 U.S. dollars, or 0.66 percent, to 2,284 U.S. dollars a tonne.
The three-month unofficial nickel price lost 100 U.S. dollars, or 0.53 percent, to 18,600 U.S. dollars a tonne.
The three-month unofficial tin price maintained at 22,425 U.S. dollars a tonne.