Wednesday, 28 January 2015

Latest Update on Base Metals

Base Metals
LME Copper, Aluminium and Zinc prices traded lower by 3.2, 1.2 and 0.9 percent respectively, while Nickel rose by 3.5 percent on Tuesday hinting towards weakness in most of the base metals pack.

Copper
Copper slid on Tuesday back towards the prior session's 5-1/2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories.

MCX copper prices declined by 1.6 percent yesterday and closed at Rs.336/kg in line with weak international markets.

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