Tag: US copper inventories

Daily round-up: Aluminium leads LME losses; Escondida agreement eases copper supply concerns

Oct 15, 2026

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by

Aftab Khan

in Aluminium, Non Ferrous

LME base metals trade lower due to concerns over AI-related spending Crude oil prices retreat despite sharp US crude inventory draw LME base metals traded lower on 14 October. Aluminium recorded the steepest decline of 1.68% d-o-d to $2,988/t, followed by copper, down 0.60% to $14,491/t. Nickel slipped 0.49% to $15,510/t, while zinc eased 0.35%…