Opening Bell: Base Metals Markets Update

  • The LME zinc cash prices have decreased by 3.46% today. LME copper stocks have risen sharply by 9.27% on yesterday’s trade closing.
  • The opening stocks of aluminium at LME warehouses stood at 573,600 t on 5 May of which live warrants were 387,775 t and cancelled warrants were 185,825 t.
  • Nickel stocks were assessed at 73, 608t out of which live warrants were 63,924 t and cancelled warrants were 9,684 t.

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