Opening Bell: Base Metals Market Update

  • Nickel cash prices opened 2.25% higher as against 14 Apr’22 and zinc prices were almost stable.
  • Aluminium cash prices increased by 3.37% as against the previous closing. Stocks were assessed at 608,000 t on 14 Apr. Notably, stocks witnessed a decline of 4,275 t on 14 Apr after rising for two consecutive days.
  • Copper prices opened at $10,462/t today even as inventory increased by 3.43% as on the last trading day.

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