Base metals on the London Metal Exchange (LME) traded mixed on Wednesday, with nickel and zinc posting gains while tin and aluminium remained under pressure.
Nickel was among the top gainers, rising 0.80% to 17,550, supported by a 0.89% gain over the past week. Despite the near-term strength, nickel remains down 0.85% over one month, though it is up 16.23% in three months and 12.68% over one year.
Zinc advanced 0.47% to 3,398, extending its short-term recovery. The metal has gained 2.26% over one week and 7.91% over one month, with longer-term performance showing a 19.90% rise over six months and 19.06% over one year.
On the downside, tin declined 1.17% to 49,230, after falling 2.12% over the past week. However, tin remains one of the strongest performers on a longer horizon, up 36.07% in three months, 46.50% over six months, and 57.51% over one year.
Primary aluminium slipped 0.80% to 3,105, while grade A copper eased 0.64% to 13,100. Copper continues to show strength over the medium term, rising 20.47% in three months and 38.58% over one year despite recent weekly weakness.
Lead edged up 0.15% to 1,977.50, though it remains under pressure across longer time frames, down 3.84% in three months and 1.30% over six months.
Overall, LME metals reflected selective buying in nickel and zinc, while tin and aluminium saw profit booking after strong multi-month rallies.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity markets are subject to market risks. Always conduct your own research or consult a financial advisor before making any investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.