Opening Bell: Base Metals Market Update

  • Nickel cash prices opened at $34,384/t today, up 2.64% compared with yesterday.
  • Aluminium cash prices increased by 2.48% to $3,429/t as against the previous closing and the impact can seen in stocks which are decreasing continuously. Stocks were assessed at 619,775 t yesterday, a decline of 100 t d-o-d, However, copper and zinc prices remained larely stable.
  • The key primary player Hindalco has decreased its aluminium prices today.

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