Tag: oil price surge today

LME metals trend lower; supply shocks from Gulf tensions unsettle markets

Mar 19, 2026

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by

Pranjaly

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

Hormuz crisis disrupts aluminium flows, raises supply-side risks Oil rallies above $112/bbl, heightening commodity market volatility Base metals on the London Metal Exchange (LME) traded lower d-o-d on 19 March 2026, amid cautious market sentiment. Aluminium remained unchanged at $3,400/t, while zinc declined 2.91% to $3,134/t. Lead fell 0.83% to $1,914/t, whereas nickel slipped 0.26%…