Base metals on the London Metal Exchange (LME) traded mixed in early session, with copper and nickel under pressure while tin posted modest gains.
Grade A copper declined 1.27% to 12,663.50, extending recent weakness as short-term sentiment remained cautious. On a one-week basis, copper is down 4.35%, though it remains up 18.37% over three months and 33.65% over the past year.
Nickel (Electronic Grade) dropped 1.81% to 16,830.00, making it one of the top losers among LME metals. Nickel has fallen 6.84% over the past week and 5.58% in one month, though it still shows gains of 14.92% over three months and 10.94% over six months.
Primary aluminium slipped 0.23% to 3,036.00, with a 2.60% weekly decline. However, aluminium remains up 17.29% in six months and 13.67% over one year.
Among gainers, tin (Electronic Grade) rose 0.75% to 45,585.00 despite a sharp 8.95% weekly drop. Tin has surged 35.39% in six months and 39.53% over one year, making it one of the stronger performers in the complex.
Lead and zinc were also marginally lower, down 0.54% and 0.15%, respectively.
Overall, short-term consolidation continues in LME metals, with longer-term performance still reflecting strength across select base metals.