LME base metals prices see mixed trends; aluminium stocks hit 1.03 mnt, highest since Oct’21

  • Base metals prices on LME and domestic market witnessed varied trends. Meanwhile, LME aluminium inventories rose 15% to 1.03 mnt on Tuesday, after a larger increase on Friday.
  • Teck Resources expects $3 billion annual EBITDA if copper hits $5/lb, focusing on existing projects over acquisitions, says CEO.
  • Korea Zinc plans to boost copper production to 150,000 t by 2028, focusing on urban mining and US growth opportunities.