Opening Bell: Base Metals Market Update

  • Nickel cash prices opened 0.92% lower as against 13 Apr’22 and zinc prices fell by 0.95% to $4,472/t.
  • Aluminium cash prices increased by 0.94% as against the previous closing. Stocks were assessed at 612 275 t on 13 April. Notably, stocks of aluminium have witnessed a rise for the second consecutive day by 1,500 t, as per SteelMint data.
  • However, copper inventory went up 2.54% d-o-d.
  • Key primary aluminium player Hindalco decreased its prices today.

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