Tag: Strait of Hormuz
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LME base metals edge higher; aluminium steadies despite China supply concerns
China’s smelting expansion reshaping global aluminium dynamics Temporary easing in Gulf tensions drags energy prices lower Base metals prices on the London Metal Exchange (LME) witnessed a largely positive trend on 18 May 2026, with gains in aluminium, nickel, copper and lead, while zinc edged marginally lower. Nickel recorded the strongest gain among major metals,…