Tag: Daily round-up: Base metals weaken; oil extends geopolitical rally

Q2 aluminium shipments up 17%; alumina trade down 4%. Global oil inventories remain at five-year lows Base metals on the London Metal Exchange (LME) traded mostly lower on 17 July 2026, pressured by cautious sentiment despite elevated geopolitical risks. Zinc posted the steepest decline, falling 1.81% d-o-d to $3,526/t, followed by nickel, down 1.10% to…