Tag: copper supply crunch

LME base metals prices remain rangebound d-o-d; Oil steady as Trump slashes China tariffs

Oct 30, 2025

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by

Aditi Sen

in Aluminium, Copper, Lead, Nickel, Non Ferrous

Copper hits record $11,146/t on supply crunch Glencore’s copper output plunges 40% since 2018 Base metals prices on the London Metal Exchange (LME) remained rangebound d-o-d, with copper increasing by 1.31% to $11,184/tonne (t). Meanwhile, inventories at LME-registered warehouses registered negative movements d-o-d, with lead recording the highest decline of 2.09%. Domestic market overview In…