Opening Bell: Base Metals Markets Update

  • Base metals prices on LME opened on a negative note today, with copper falling steeply d-o-d as stocks rose sharply against the previous closing.
  • The opening stocks of aluminium at LME warehouses stood at 553,925 t on 11 May’22 of which live warrants were 294,075 t and cancelled warrants were 259,850 t.
  • Nickel stocks were at 27,800 t of which live warrants were 62,526 t and cancelled warrants were 10,302 t.

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