Opening Bell: Base Metals Market Update

  • Nickel cash prices opened at $33,969/t today, up 0.65% compared to the previous trading day.
  • Aluminium cash prices increased by 2% to $3,483/t as against the previous closing amid supply disruption and increased production costs. The impact can seen in stocks which are decreasing on a continuous basis and stood at 623,325 t yesterday, a decline of 4% w-o-w.
  • However, other base metals prices remained largely stable.

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