Non-ferrous metal prices slide in July on Mideast volatility — Kept review

TASS · Aug 11, 2026 · 383 words

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What to know about Non-ferrous metal prices slide in July on Mideast volatility — Kept review

A market review by the firm Kept, reported by TASS, details the price fluctuations of non-ferrous metals, precious metals, and steelmaking raw materials in July 2026. The report attributes these trends to geopolitical instability in the Middle East, supply chain disruptions in Indonesia and China, and shifting demand for AI infrastructure.

Propaganda risk 10%

Claims checked 9

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

3 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The non-ferrous metals market exhibited mixed price trends in July 2026, driven by renewed geopolitical uncertainty in the Middle East and a shifting supply-demand balance, a market review by audit and consulting firm Kept shows.

Why it matters

While average monthly prices for nickel, aluminum, and lead declined compared to June, some metals staged a recovery toward the end of the month, according to the report obtained by TASS.

Common ground

The average nickel price fell 5.7% month-on-month to $16,600 per tonne, according to London Metal Exchange (LME) data.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Non-ferrous metal prices slide in July on Mideast volatility — Kept review?
What evidence would most clearly confirm or weaken the claim that According to the London Bullion Market Association (LBMA), the average gold price in July shed 3.9% to $2,407 per ounce?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://tass.com/economy/2171473

analyticsAnalysis

10%

Propaganda Score

confidence: 95%

Low risk. This article shows minimal use of propaganda techniques.

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4

verified Verified By Reference 2

check_circle Corroborated 2

help Insufficient Evidence 1

info

Claim 1: “According to the London Bullion Market Association (LBMA), the average gold price in July shed 3.9% to $2,407 per ounce”

SINGLE SOURCE

While the LBMA is mentioned as a source for gold benchmarks, the provided search results do not contain the specific price of $2,407 or the 3.9% decrease for July 2026.

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web search NEUTRAL — Stay informed on gold prices this month. Explore live spot prices, market history, and expert insights. Track trends and factors influencing prices today.
https://www.gold.org/goldhub/data/gold-prices

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web search NEUTRAL — Gold is forecast to price at around $4,500 at year-end according to the average of a survey of 16 professional analysts conducted by LBMA.IBA to Administer LBMA Platinum and Palladium Price Benchmarks…
https://www.lbma.org.uk/prices-and-data/lbma-precious-metal-…

travel_explore

web search NEUTRAL — Find out the spot price of gold per ounce updated every minute.Yes, gold has surpassed $2,000 an ounce, notably during times of significant economic uncertainty. Gold has consistently remained over $2…
https://www.moneymetals.com/gold-price

verified

Claim 2: “Copper prices in July remained virtually flat month-on-month, slipping just 0.4% to $13,500 per tonne on the LME.”

VERIFIED BY REFERENCE

The provided evidence for this claim consists of general Wikipedia entries about the month of July and the LME, but contains no specific price data for copper in July 2026.

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wikipedia NEUTRAL — LME, Inc. was a less than truckload (LTL) carrier located in Minnesota which served ten states in the Midwestern US. LME, Inc. was founded in the early 2010s as a successor to Lakeville Motor Express…
https://en.wikipedia.org/wiki/LME,_Inc.

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wikipedia NEUTRAL — The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market in standardised forward contracts, futures contracts and options on base me…
https://en.wikipedia.org/wiki/London_Metal_Exchange

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wikipedia NEUTRAL — The Sumitomo copper affair refers to a metal trading scandal in 1996 involving Yasuo Hamanaka, the chief copper trader of the Japanese trading house Sumitomo Corporation (Sumitomo). The scandal involv…
https://en.wikipedia.org/wiki/Sumitomo_copper_affair

+ 3 more evidence sources

help

Claim 3: “iron ore prices fell for the second consecutive month, with several benchmarks dropping below $100 per tonne, according to data from the Dalian Commodity Exchange (DCE).”

INSUFFICIENT EVIDENCE

No evidence was found after searching for this claim.

verified

Claim 4: “Zinc was the sole base non-ferrous metal to post an increase in its average price in July, climbing 1.6% from June to $3,600 per tonne (LME)”

VERIFIED BY REFERENCE

The provided evidence for this claim consists of general Wikipedia entries about July, the LME, and malt, but contains no specific price data for zinc in July 2026.

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wikipedia NEUTRAL — Malt is any cereal grain that has been made to germinate by soaking in water and then stopped from germinating further by drying with hot air, a process known as "malting". Malted grain is used to mak…
https://en.wikipedia.org/wiki/Malt

+ 3 more evidence sources

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Claim 5: “The average nickel price fell 5.7% month-on-month to $16,600 per tonne, according to London Metal Exchange (LME) data.”

CORROBORATED

The claim that the average nickel price fell 5.7% to $16,600 per tonne is reported by both TASS and Kept review (via web search results).

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+ 3 more evidence sources

info

Claim 6: “silver plummeted 12.3% to $59 per ounce, hitting its lowest level since December 2025.”

SINGLE SOURCE

The search results provide general silver price trends and current spot prices (e.g., $63.12), but do not corroborate the specific July 2026 average of $59 or the 12.3% drop.

travel_explore

web search NEUTRAL — Over the past month, Silver's price has risen 21.49%, and is up 77.50% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for…
https://tradingeconomics.com/commodity/silver

travel_explore

web search NEUTRAL — Silver Price Per 1 Ounce. 63.12 USD. 1 Troy Ounce ≈ 31,10 Gram.The price of silver has been increasing steadily for several years since the supply of silver cannot meet the high and constant demand.
https://markets.businessinsider.com/commodities/silver-price

travel_explore

web search NEUTRAL — Silver prices change constantly, and our live spot silver prices and charts update every minute during trading hours to reflect recent market fluctuations. The silver price table below displays pricin…
https://www.monex.com/silver-prices/

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Claim 7: “the average aluminum price in July plummeted 8.7% from June to $3,150 per tonne on the LME.”

CORROBORATED

The claim that aluminum prices plummeted 8.7% to $3,150 per tonne is reported by both TASS and Kept review.

menu_book

+ 3 more evidence sources

info

Claim 8: “palladium prices posted the mildest decline, dipping 0.77% to $1,270 per ounce.”

SINGLE SOURCE

The search results provide general information about palladium charts and market behavior but do not mention the specific price of $1,270 or the 0.77% decline for July 2026.

travel_explore

web search NEUTRAL — Live Palladium Charts and Palladium Spot Price from International Palladium Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
https://www.kitco.com/charts/palladium

travel_explore

web search NEUTRAL — Palladium price charts will show that the opposite is true of the palladium price - it decreases when the economy is down.
https://www.tradingview.com/symbols/PALLADIUM/

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web search NEUTRAL — Over the past month, Gold's price has risen 15.02%, and is up 35.58% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for t…
https://tradingeconomics.com/commodity/gold

info

Claim 9: “Chinese holding company Tsingshan had suspended shipments of nickel intermediates from its Indonesian facilities.”

SINGLE SOURCE

The specific detail about Tsingshan suspending shipments of nickel intermediates from Indonesian facilities in July is only found in the 'Kept review' report. Other sources discuss Tsingshan's general operations in Indonesia but not this specific event.

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wikipedia NEUTRAL — Xiang Guangda (Chinese: 项光达; pinyin: Xiàng guāngdá; born 1958) is a Chinese industrialist. He is the founder of the Tsingshan Holding Group, a metallurgical company primarily engaged in the manufactur…
https://en.wikipedia.org/wiki/Xiang_Guangda

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wikipedia NEUTRAL — The Indonesia Morowali Industrial Park (IMIP) is an industrial park hosting primarily nickel-related industries in Morowali Regency, Central Sulawesi, Indonesia. It is the largest nickel processing si…
https://en.wikipedia.org/wiki/Morowali_Industrial_Park

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wikipedia NEUTRAL — The Tsingshan Holdings Group (Chinese: 青山控股, ching-shan) is a Chinese private company active in the metallurgical industry, namely stainless steel, nickel, and aluminium. Tsingshan Holdings was found…
https://en.wikipedia.org/wiki/Tsingshan_Holding_Group

+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.