Tag: aluminium backwardation LME

Weekly round-up: LME base metals weaken except for aluminium; Indian scrap prices firm up

Mar 7, 2026

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by

Aditi Sen

in Aluminium, Aluminium, Copper, Lead, Nickel, Non Ferrous, Non Ferrous, Tin, Zinc

Base metals soften while aluminium posts strong gains Geopolitical tensions shape mixed trends in base metals LME base metals mostly showed a negative trend on a w-o-w basis in the week ended 6 March 2026, reflecting weak market sentiment across the complex. Aluminium was the only major gainer, rising 6.22% to $3,362/t. On the London…