Global non-ferrous metals markets are boiling over in the wake of the Middle East war. Major metal prices led by aluminum have surged, pushing an international metals index to an all-time high.
According to Bloomberg on Tuesday (local time), the London Metal Exchange (LME) index hit a record 5,651.2 at 2:54 p.m. Korea time, with gains approaching 12% over the past four weeks. The LME index is a benchmark gauge reflecting prices of six non-ferrous metals: aluminum, copper, zinc, lead, nickel, and tin.
At the…
