Opening Bell: Base Metals Market Update

  • LME nickel cash price opened at $32,749/t today, down 2% compared to previous day’s closing, while the three-month nickel futures closed at $32,107/t yesterday, down 2.39% as against 30 March. Nickel stocks were recorded at 72,540 t yesterday.
  • Aluminium cash prices were down 1.31% d-o-d at $3,457/t today as against the previous closing.
  • Opening stocks of aluminium at LME warehouses fell to 646,850 t, declining for the 23rd consecutive day.

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