Opening Bell: Base Metals Market Update

  • The opening cash prices of nickel stood almost stable while zinc prices were down 1.19% today, SteelMint learnt.
  • Aluminium cash prices fell by 1.93% against the previous closing. Stocks were assessed at 603,650 t on 19 April, a decline of 4,350 t d-o-d after rising for two consecutive days. Meanwhile, copper inventory rose 7.36%.
  • It is pertinent to mention that the key aluminium producers, Hindalco and Balco, have announced price hikes today.

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