Tag: Iran US strike oil impact

LME base metals weaken d-o-d; Slovalco restart plans hinge on EU support

Jan 16, 2026

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by

Aditi Sen

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

Kipushi zinc output beats target, outlook lifted Oil slides as Iran strike fears fade Base metals prices on the London Metal Exchange (LME) were largely under pressure on January 16, 2026, with losses dominating the complex. Aluminium prices slipped 0.90% to $3,176/t, while LME stocks declined 0.41% to 490,000 t. Nickel also weakened, down 0.47%…