Tag: oil price impact base metals

LME base metals: Tight supply fundamentals and macro headwinds drive price action

Apr 8, 2026

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by

Pranjaly

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

Al Taweelah outage and IRALCO strike tighten aluminium supply Hormuz disruptions keep energy markets volatile despite ceasefire Base metals on the London Metal Exchange (LME) traded mixed d-o-d as of 7 April, with selective gains across the complex. Aluminium edged up 0.19% to $3,476/t, while zinc recorded the strongest increase of 1.30% to $3,307/t. Lead…