Tag: geopolitical impact commodities

LME base metals edge higher; Hormuz disruption, Iraq output cuts reinforce oil supply concerns

Apr 2, 2026

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by

Pranjaly

in Aluminium, Copper, Lead, Nickel, Non Ferrous, Zinc

Aluminium prices rise as EGA halts output at Al Taweelah smelter EU initiates sunset review of AD duties on Chinese aluminium extrusions Base metals on the London Metal Exchange (LME) traded higher d-o-d as of close on 01 April 2026, indicating broad-based strength across most metals. Aluminium rose 1.86% to $3,532/t, while zinc gained 1.95%…