Tag: Gulf tensions commodity market
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Daily round-up: LME base metals strengthen amid continued warehouse drawdowns
LME copper crosses $14,000/t, lead records steepest gain Gulf tensions, tighter availability support base metals prices Base metals prices on the London Metal Exchange (LME) traded mostly higher on 2 June 2026. Lead recorded the strongest gain, rising 1.89% d-o-d to $2,045/t, followed by zinc, which increased 1.77% to $3,642/t. Copper also moved higher by…