Under the catalyst of the US-Iran ceasefire agreement, industrial metals rose 5.5% in a single month and are on track for their best performance since January.
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The industrial metals market is expected to usher in its strongest monthly performance in nearly four months, with the US-Iran negotiations approaching an extension of the ceasefire agreement as the core catalyst. On May 29, the LMEX index, which tracks six major metals on the London Metal Exchange, has risen