Tag: Non-ferrous metal market
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LME base metals prices decline amid surging stocks; Copper hits new low in 2024
Base metals prices on the London Metal Exchange (LME) continued to remain under pressure as of yesterday’s closing. Three-month prices on LME dropped by up to 2.14% with the highest drop recorded in lead. Meanwhile, stocks at LME-registered warehouses witnessed inflows by over 4% barring copper. Additionally, the three-month copper contract on the LME hit…