CoinScoopLME metal prices pull back amid escalating Middle East tensions
Industrial metal prices have pulled back as hostilities in the Middle East escalate. The London Metal Exchange (LME) index for six base metals previously hit a record high, with copper and aluminum prices rising and zinc surpassing $4,000 per ton. Heightened conflict between the U.S. and Iran has pushed Brent crude oil prices toward $100, intensifying concerns over inflation.
Summaries are written by AI from the original article. Not investment advice.