US-Iran peace talks stalled, LME lead gave back all weekly gains [SMM Lead Morning News]

Published: Jun 22, 2026 09:01
[SMM Lead Morning Brief: Stalled US-Iran Talks Cause LME Lead to Give Back All Weekly Gains] SMM June 22: Last Friday, LME lead opened at $1979.5/mt. During the Chinese Dragon Boat Festival holiday, markets outside China experienced renewed turbulence, and US-Iran negotiations stalled...

SMM June 22 Report:

Last Friday, LME lead opened at $1,979.5/mt. During the Chinese Dragon Boat Festival holiday, markets outside China stirred again, as US-Iran peace talks stalled, denting market trading confidence. LME lead was in a stepwise downward trend throughout the day, hitting an intraday low of $1,950/mt during the session, erasing all earlier weekly gains, and finally closing at $1,950/mt, down 1.32%.

Last Friday, due to the Dragon Boat Festival holiday, SHFE lead was closed for trading, and normal trading resumed today.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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