Industrial metals set to achieve best monthly gains in four months
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Golden Ten Data reported on May 29 that industrial metals are on track to record their best monthly performance since January. As of Thursday, the LMEX Metal Index, which tracks six major metals on the London Metal Exchange (LME), has risen 5.5% this month, marking the largest monthly gain in four months. In recent weeks, metal prices have fluctuated within a narrow range as investors remain focused on the progress of negotiations aimed at resolving the conflict that has fueled inflation and undermined global economic growth prospects. Meanwhile, Macquarie Group stated that due to the impact of war, the supply of sulfur, a key raw material in copper production, is tightening, and copper output in the Democratic Republic of the Congo may face cuts. Macquarie commodities strategist Alice Fox wrote in a report on Thursday that even if the United States and Iran reach an agreement, it will still take considerable time to clear the backlog of sulfur shipments in the Persian Gulf, "likely enough to push the copper market to the threshold where production cuts become a reality." She estimated that up to 94,000 tons of copper production per month in the Democratic Republic of the Congo is at risk, with some production cut measures possibly being announced as early as July.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
British Pound: Stronger growth offsets labour weakness – MUFG
FXStreet•2026/09/15 09:39
Market Chatter: ExxonMobil Executive Describes Middle East LNG Shortfalls as Short Term
MT newswire•2026/09/15 09:33
Update: Kestra Medical Technologies Slumps Pre-Bell After Fiscal Q1 Net Loss Widens Amid Surging Sales
MT newswire•2026/09/15 09:31
Arya.ag Builds Blockchain System for Tracking Grain Assets and Secured Loans on Avalanche
Coinspaidmedia•2026/09/15 09:30
Crypto prices
MoreBitcoin
BTC
$76,879.63
-1.24%
Ethereum
ETH
$2,474.01
-1.86%
Tether USDt
USDT
$0.9997
+0.02%
BNB
BNB
$716.79
-0.74%
XRP
XRP
$1.4
+0.90%
USDC
USDC
$0.9999
+0.01%
Solana
SOL
$100.59
-0.81%
TRON
TRX
$0.3378
-0.64%
Hyperliquid
HYPE
$78.91
-0.78%
Zcash
ZEC
$1,140.39
+0.47%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now