Opening Bell: Base Metals Market Update

  • Base metals prices opened at almost rangebound levels today. Nickel prices trended up 1.79% in morning trade. Stocks of base metals were down and aluminium fell more than 1% d-o-d.
  • Brent oil futures were down 0.62% to $119.07 and crude oil WTI futures were down 0.69% to $116.78, weighed down by demand concerns following global interest rate hikes.

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