Opening Bell: Base Metals Market Update

  • Nickel cash prices opened 1.78% higher as against 11 Apr’22 and stocks were recorded at 73,452 t.
  • Aluminium cash prices increased marginally by 0.87% as against the previous closing. Stocks were assessed at 609,850t on 11 April, a sharp decline of 5,900 t d-o-d. However, copper inventory was up 1.76% d-o-d.
  • The key primary players, Hindalco and Balco, decreased aluminium ingot prices today.

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