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Copper Under Pressure, LME Metals Mostly Lower

On May 21, base metals prices on the London Metal Exchange traded mostly lower, with weakness in copper, nickel and zinc outweighing gains in lead and aluminium . Lead recorded the highest increase, rising 1.26% day-on-day to $2,005 per tonne, while aluminium edged higher by 0.40% to $3,637 per tonne . Meanwhile, nickel declined 1.07% to $18,727 per tonne, followed by copper and zinc, which fell 1.03% and 0.93% to $13,516 per tonne and $3,523 per tonne, respectively . LME inventory trends remained mixed: lead stocks recorded a sharp increase of 8.43%, while zinc, aluminium and copper stocks declined, indicating selective tightness across exchange-monitored warehouses . Market participants remained cautious over ongoing uncertainty surrounding US-Iran peace negotiations and potential supply disruptions in the Middle East .