- Base metals prices on LME opened at rangebound levels in morning trade today. However, nickel cash prices showed an increase by more than 2% as against the last closing.
- Base metals stocks at LME-registered warehouses dropped in the last closing, with aluminium contracting by almost 2% d-o-d, equivalent to 9,775 t.
- Notably, Aluminium stocks have been declining since past 15 days, SteelMint observed.
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