The global market for base metals showed a general downturn on August 15, 2025. Data from the Shanghai Metals Market (SMM) and Trading Economics indicates that SMM #1 Copper Cathode fell by $42.21 to an average of $9,732.73 per tonne. In addition, SMM A00 Aluminum Ingot decreased by $2.83, and SMM #1 Nickel dropped by $244.27. Similarly, the LME cash bid price for copper fell by $14.80 to $4.46 per pound. This decline in prices for key industrial metals contrasts with the more stable trends seen in iron ore and suggests a nuanced market where different commodities are reacting to unique supply-demand dynamics. The weakness in these markets may signal concerns over industrial demand, despite the positive sentiment observed in specific sectors like steel.
