The Metals Selloff Is Creating New Winners And Losers ...Middle East

Metals markets remain in a delicate tug-of-war, with structural deficits and massive AI-driven data center infrastructure buildout providing forward momentum, while global growth reassessments, high energy prices and the growing risk of interest rate increases increasingly challenge the bullish thesis. Base metals prices have been highly volatile so far in the current year, with the LMEX hitting an all-time high in early June before plunging to a 3-month low a couple of weeks later after the collapse of the ceasefire deal between the U.S. and Iran…

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