Tag: Strait of Hormuz supply risk

LME base metals prices show mixed trends; oil surges on Middle East tensions

Mar 2, 2026

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by

Aditi Sen

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

Aluminium prices surge as US-Iran war impact supply Indonesia fines nickel producers for illegal mining Base metal prices on the London Metal Exchange (LME) showed mixed movements as of closing on 27 February 2026. Aluminium declined 0.02% to $3,157/t, with stocks decreasing 0.85% to 465,550 t. Nickel fell 0.05% to $17,685/t, while inventories rose 0.06%…