Tag: Non-ferrous metal market

LME base metals gain as stocks decline, copper reaches $10,000/t again

May 8, 2024

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by

Neha TU

in Aluminium, Copper, Non Ferrous

Base metals prices on the London Metal Exchange (LME) witnessed a positive trend with the highest change seen in zinc prices. Meanwhile, the stocks at the LME registered warehouses saw outflows with the largest drop seen in copper. Copper briefly surged past $10,000 /t (tonne) on LME amid expectations of Federal Reserve rate cuts and…