Opening Bell: Base Metals Market Update

  • Nickel cash prices opened 0.76% higher as against 12 Apr’22 and zinc prices were up 4.46% to $4,539/t.
  • Aluminium cash prices increased by 1.74% as against the previous closing. Stocks were assessed at 610,775 t on 12 April. Notably, stocks of aluminium have witnessed a rise of 925 t d-o-d after showing continuous decline over the past few months, as per SteelMint data.
  • However, copper inventory was down 1.18% d-o-d.

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