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Thursday, October 22, 2026Updated 00:53 UTC

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Aluminium Gives Up Its War Premium, Copper Stays Elevated

Source: OilPrice.com · Oct 22, 2026 00:00 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

LME Week 2026 kicked off in London on Monday, with industry leaders focused on the macroeconomic outlook for base metals, AI and energy transition demand, as well as critical mineral supply chain resilience. This year's discussions have come at a time when the London Metal Exchange is robustly healthy, recording a 16% year-on-year increase in average daily turnover from January through September.

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