Opening Bell: Base Metals Market Update

  • Base metals prices on LME opened at rangebound levels in morning trade today, with aluminium gaining the highest by 1.47% as against the last closing.
  • Base metals stocks on LME-registered warehouses showed negative balance in the last closing, with copper contracting 2.21% d-o-d.
  • However, prices of base metals on the exchange have shown signs of recovery compared to the past few weeks, the major factor being lifting of lockdown restrictions in China.

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