Tag: oil and metals correlation

LME base metals remain under pressure; macro headwinds and demand concerns weigh on prices

Apr 10, 2026

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by

Pranjaly

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

Japan’s reserve release and Hormuz restart signal easing oil supply concerns Nickel outlook mixed amid supply tightness and demand-side weakness Base metals prices on the London Metal Exchange (LME) closed largely weaker d-o-d on 9 April 2026, with most prices under pressure except zinc. Aluminium declined 0.32% to $3,444/t, nickel fell 1.24% to $17,088/t, copper…