Opening Bell: Base Metals Market Update

  • Base metals prices on the London Metal Exchange opened higher in morning trade today, with aluminium gaining the highest at 4.28% as against yesterday’s closing.
  • Base metals stocks on LME-registered warehouses showed negative balance in yesterday’s closing with aluminium contracting 1.39% d-o-d.
  • Morover, the three-month nickel price posted a dramatic intraday rise of 8% during trading on May 19, alongside gains registered by other base metals.

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