Tag: copper inventory drawdown
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LME base metals ease amid geopolitical uncertainty and cautious sentiment
US-Iran uncertainty and weaker risk appetite pressure LME metals Canada extends 50% metal tariffs amid trade diversion concerns Base metals prices on the London Metal Exchange (LME) traded mostly lower on 4 Jun’26 amid cautious market sentiment. Aluminium recorded the steepest decline, falling 1.01% d-o-d to $3,666/t, followed by nickel, which slipped 0.96% to $18,689/t.…