Base metals prices on LME see mixed trends; copper stocks gain

  • Base metals prices on LME witnessed mixed trends. Copper stock inflows rose over 14% reaching 155,850 t.
  • U.S. retail sales barely rose in May, suggesting subdued economic activity, influenced by lower gasoline prices and cautious consumer spending.
  • Chile’s Codelco met with BMW and ABB in Europe, discussing copper and lithium needs amid the global green energy transition.