Opening Bell: Base Metals Market Update

  • Base metals opened on a positive note in morning trade today, with aluminium rising 2%. But nickel cash prices declined by over 1% as against the last closing.
  • Stocks in LME-registered warehouses declined sharply, with copper contracting 5,725 t d-o-d.
  • Leading domestic player Hindalco’s profits rose two-fold, y-o-y, in Q4FY’22, SteelMint learnt.

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