Bearish sentiment builds in European base metals markets

Sentiment in the base metals markets in Europe was turning increasingly bearish, a number of participants told Fastmarkets on Tuesday June 21, with macro-economic uncertainties creating additional caution among consumers with the approach of the seasonal summer slowdown.

There were decreases in spot premiums for aluminium, zinc and tin, while market participants in nickel and copper also noted bearish sentiment despite premiums still having support.

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Callum Perry

June 21, 2022

13:12 GMT