Tag: global oversupply concerns
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LME base metals futures edge lower d-o-d; Freeport targets Grasberg mine restart by Jul’26
Aurubis Viscaria sign long-term copper offtake deal Rio Tinto to cut alumina output at Yarwun refinery Base metals prices on the London Metal Exchange (LME) inched down d-o-d, with aluminium decreasing by 0.94% to $2,787/tonne (t). Meanwhile, inventories at LME-registered warehouses witnessed positive movements, with zinc recording the highest gain of 8.88%. Domestic market overview…