Monday, 19 January 2015

Base Metals News and Tips for Today

Base metals on the LME (Except Aluminium) traded lower last week on concerns of global slowdown were reignited following a cut in growth rate forecast by the World Bank for 2015 and 2016.

Copper
LME Copper prices declined by more than 5 percent last week as slowdown in China coupled with cut of global growth forecast by the World Bank acted as a negative factor.

MCX Copper prices declined by 6.1 percent and closed at Rs.359/kg in line with weakness in the international markets.

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