Base metals prices, stocks on LME witness contrasting trends

  • Base metals prices on LME witnessed a downtrend. The highest drop was seen in zinc, down 2.7%. Meanwhile, stock witnessed mixed movements.
  • Pakistan’s coalition government to unveil fiscal year 2025 budget, aims for IMF bailout, cautious optimism on growth.
  • The recent surge in  LME aluminum stocks, along with load-out queue dynamics, underscores ongoing challenges and uncertainties in the aluminum market.