Tag: metal inventory decline LME

LME base metals mixed; Iran-led disruptions at Gulf smelters signal tightening aluminium market

Apr 1, 2026

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by

Pranjaly

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

Nickel remains up ~3.7% YTD, supported by tight supply despite volatility Iranian strikes disrupt EGA and Alba operations, tightening global aluminium supply Base metals on the London Metal Exchange (LME) traded mixed d-o-d as of close on 31 Mar’26, reflecting divergent trends across the complex. Aluminium increased 1.94% to $3,467/t, while zinc rose 1.40% to…