Tag: MCX
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LME base metals prices remain positive except lead; nickel gains over 6%
Base metals prices on LME remained positive barring lead as of the last closing. The highest gain was seen in nickel – 6.4% – amid the New Caledonia protests. The copper rally has triggered a squeeze, as prices hit a record high of $11,400/t, disrupting market equilibrium and raising concerns. China’s April aluminum imports surged…