Copper, zinc, aluminum trade mix amid US-Iran war uncertainty; what’s the outlook ahead for base metals?

Base metals witnessed a mixed and volatile trading tone on Thursday, 23 April influenced by changing global signals that maintained fragile sentiment. Initially, prices found support from hopes regarding a possible extension of the ceasefire in Iran, but those gains diminished as uncertainty surrounding the discussions and escalating geopolitical tensions affected risk appetite. Copper prices…

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US-Iran war: India cheers IEA move to release emergency oil stocks, wins agency’s praise amid supply disruptions

The International Energy Agency (IEA) on Wednesday praised India after the latter welcomed the agency’s decision to release 400 million barrels of oil from emergency reserves as tensions escalate over the US and Israel’s war in Iran, reuters reported. IEA’s Executive Director Fatih Birol said he is “pleased to read India’s supportive statement for IEA’s…

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