Thursday, 22 January 2015

Base Metals News and Tips for Today

Base Metals
Base metals on the LME traded on a positive note on Tuesday after China reported that its economy had not slowed as much as many had feared and metals investors began to reassess whether the steep losses over the past year are justified.

LME Copper prices gained 0.8 percent yesterday as economic growth beat analyst estimates in China, the world’s largest user of industrial metals. Since growth stands at a 24-yaer low, it has increased the likelihood of stimulus measures from China.

MCX Copper prices jumped by 0.9 percent yesterday and closed at Rs.355.9/kg in line with strength in the international markets.
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