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

Published: Jun 22, 2026 09:01

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[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.

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