Tag: Strait of Hormuz supply disruption
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LME base metals: Tight supply fundamentals and macro headwinds drive price action
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…