The LME Index has seen a significant increase of 569.40 points, rresenting a 15.14% rise since the onset of 2024. This surge is based on trading data from a contract for difference (CFD) that monitors the benchmark market for this commodity. Notably, the LME Index achieved an all-time high of 5505.70 in March 2022.
Looking ahead, analysts and global macro models project the LME Index will stabilize around 4335.03 points by the end of this quarter. Furthermore, it is anticipated to climb to 4518.45 over the next 12 months, reflecting a cautious optimism regarding market trends.