Tag: warehouse stock drawdowns
-
Daily round-up: LME base metals prices decline as geopolitical tensions pressure sentiment
Risk-off sentiment drags base metals lower across LME Oil eases as Israel-Lebanon ceasefire cools supply concerns Base metals prices on the London Metal Exchange (LME) traded lower on 3 June amid prevailing risk-off sentiment. Nickel recorded the steepest decline, falling 1.96% d-o-d to $18,871/t, followed by copper, which slipped 1.53% to $13,825/t. Aluminium and lead…