The declining trend is warehouse stocks on LME (London) and Comex (USA) is across all base metals. If supply is less than demand, stocks go down. If supply is greater than demand they go up. MLX is in copper and tin. There is also a currency effect as prices are in $US, where metal prices are concerned. $US has had arun up with tariffs being increased and money returning from developing markets. Rise seems to have stalled now . Asian buyers esp China buying US Treasuries. Maybe manufacturers are stocking up on metals a bit with trade instability?
MLX Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)