Tag: oil and metals market correlation

LME base metals rise on supply-side cues; oil swings as geopolitical signals remain mixed

Apr 15, 2026

—

by

Pranjaly

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

Nickel-led gains lift base metals as inventories tighten across the complex Oil softens on easing geopolitical tone, though Hormuz risks keep volatility intact Base metals prices on the London Metal Exchange (LME) closed largely higher d-o-d on 14 Apr’26, with most metals registering gains except aluminium. Nickel led the upside, rising 2.87% to $18,206/t, followed…