Thursday, 29 January 2015

Latest Update on Base Metals

Base Metals
Except Aluminium all the base metals on the LME traded positive although the situation in Euro area remains bleak, slowdown in China remains a cause of concern and slow growth in the global economy is dampening the sentiment.

Copper

Copper is down 13 percent so far this month, extending a 20 percent loss registered over 2013 and 2014. It hit a 5-1/2 year low of $5,339.50 a tonne on Monday.

MCX copper prices rose by 0.5 percent yesterday and closed at Rs.337.8/kg in line with weak international markets.


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