Tag: Daily round-up: Base metals weaken; oil surges on renewed Middle East tensions

Aluminium and nickel edge lower by 0.19% and 0.06% Aluminium, copper inventories drop, nickel unchanged Base metals on the London Metal Exchange (LME) traded mostly lower on 8 July 2026, with copper declined 1.50% d-o-d to $13,166/t, followed by zinc, which fell 1.48% to $3,519/t. Aluminium and nickel also edged lower by 0.19% and 0.06%…