Base Metals Rally on Iran De-escalation Signals as Dollar Weakens and Tin Surges on DRC Supply Risk

LME Base metals on the London Metal Exchange and Comex posted broad gains on Tuesday as fresh diplomatic signals between Washington and Tehran weakened the US dollar and pulled crude oil back from triple-digit territory. Copper, nickel and tin led the move higher, with tin surging more than 4% on emerging supply concerns at Alphamin’s Bisie mine in the Democratic Republic of Congo. The session underscored how tightly base metals pricing is now tethered to Middle East geopolitics, dollar dynamics and concentrated mine-level supply risk — a combination that procurement desks and commodity ...