- Base metals prices on LME were positive barring zinc as of the last closing. The highest gain was seen in nickel with 2.1%. Meanwhile, LME base metal inventories saw outflows barring nickel.
- China’s central bank maintains MLF rate, indicating focus on currency stability amid economic challenges.
- Copper futures surge to record high at $5.02/lb, driven by strong demand from data centers and global electrification.
