Tag: Inventory drawdowns

LME stocks continue to decline, zinc records sharpest drop Oil eases on reports of potential US-Iran ceasefire extension Base metals prices on the London Metal Exchange (LME) climbed higher on 28 May 2026. Copper led the uptrend, rising 1.26% d-o-d to $13,702/t, followed by zinc, which increased 1.08% to $3,551/t. Nickel gained 0.83% to $19,101/t,…