Tag: Daily round-up: Base metals strengthen; oil remains elevated on Iran tensions

LME aluminium prices decline in Jul’26 after 25% rally between Jan and Jun EGA restart adds 0.3 mnt of aluminium supply, shrinking CY’26 supply deficit Base metals on the London Metal Exchange (LME) traded mostly higher on 14 July 2026, supported by continued inventory drawdowns and improved investor sentiment. Copper advanced 0.75% d-o-d to $13,643/t,…