Prices across London Metal Exchange (LME) metals traded mixed in the latest global session, with tin and copper leading gains, while lead remained under pressure. The data reflects varied performance across short-, medium-, and long-term horizons, highlighting commodity-specific trends rather than a broad-based rally.
Tin sees sharp rebound
Tin emerged as the top performer, surging 10.28% in the latest session to trade near $50,295 per tonne. Despite a weekly decline of 11.44%, tin has shown strong momentum over longer periods, gaining 24.96% over one month, 41% over three months, 51.83% over six months, and 66.15% over one year. Over a three-year period, tin prices are up nearly 80%, underscoring sustained structural tightness despite recent volatility.
Copper continues strong run
Grade A copper prices climbed 3.95% to around $13,410 per tonne. Copper has delivered consistent gains across timeframes, rising 2.21% over one week, 7.62% over one month, 25.93% over three months, and 38.13% over six months. On a one-year basis, copper is up 46.17%, reflecting strong global demand trends and tight supply conditions.
Nickel and aluminium trade higher
Nickel advanced 2.05% to about $17,395 per tonne, although it remains down 5.67% over the past week. The metal has posted gains of 3.79% over one month and 15.5% over three months, with marginal growth of 13.4% over one year. However, nickel remains under pressure over a three-year horizon, down nearly 39%, highlighting prolonged volatility in the sector.
Primary aluminium rose 1.39% to around $3,099 per tonne. While aluminium is down 5.04% on a weekly basis, it has gained 2.58% over one month, 8.15% over three months, and 20.58% over six months. Year-on-year, aluminium prices are up 17.88%.
Lead lags, zinc remains steady
Lead was the weakest performer, slipping 0.46% to $1,961.50 per tonne. The metal remains under pressure across timeframes, with declines of 1.63% over one month, 2.94% over three months, and 0.41% over one year.
Zinc prices were largely stable, edging up 0.14% to $3,323 per tonne. Zinc has posted moderate gains of 6.27% over one month, 7.98% over three months, and 20.66% over six months, while remaining up 18.15% year-on-year.
Bottom line
Global LME metals markets continue to show divergent trends, with tin and copper outperforming on strong medium-term momentum, nickel and aluminium showing mixed recovery signals, and lead remaining under pressure. The data underscores how individual supply-demand dynamics are driving price action across base metals.
All prices mentioned are global LME prices. Data source: Baha.com
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