Base metals prices on London Metal Exchange (LME) witnessed varied trends at yesterday’s closing with the highest drop seen in nickel. Meanwhile, India’s domestic market also witnessed mixed trends aligned with the global market. LME nickel reached $19,775/t, up 15% in 2024. Oversupply persists, INSG predicts 109,000 t surplus. Anglo American rejected BHP’s 31.1 billion pound takeover bid, citing undervaluation.
