Tag: LME base metals prices move higher d-o-d; Smelter margins under pressure

Zinc records modest uptrend Smelter shutdowns tighten aluminium supply outlook Base metals prices on the London Metal Exchange (LME) moved higher across the board, led by strong gains in nickel and lead. Nickel prices rose 1.11% d-o-d to $14,803/t, while lead climbed 1.02% to $1,984/t. Aluminium advanced 0.99% to $2,945/t, supported by steady fundamentals. Copper…