Tag: lead ingot
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Weekly Round-Up: Base metals prices trend lower as global inflation impacts demand
The LME three-month base metals market saw significant swings this week, with volatility ranging from 3-8% which reflected the downward correction in the nickel market by up to $2,437/t w-o-w, SteelMint data show. High inflation rates the world over not only weighed on purchasing power and lending rates but also weakened fundamental sentiments across major…