Tag: Strait of Hormuz impact commodities

LME base metals remain under pressure; escalating Gulf crisis rattles global supply chains

Mar 20, 2026

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by

Pranjaly

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

LME aluminium drops 4% amid broad market weakness Rio Tinto halts bauxite mining, Guinea plans export curbs Base metals on the London Metal Exchange (LME) extended losses d-o-d on 20 March 2026, weighed down by weak market sentiment. Aluminium declined sharply by 4.34% to $3,252/t, while zinc fell 1.98% to $3,072/t. Lead dropped 1.36% to…