Monday, 13 April 2015

Latest News on Base Metals

On the MCX, base metals traded on a positive note except Aluminium and Nickel in line with international trends.

Copper
LME Copper prices rose by 0.4 percent last week as a disruption to mining output in Chile, Indonesia and Australia prompted traders to reassess the outlook for global supply and demand. Also, investors were holding cautious optimism stance as the minutes of the latest Federal Reserve meeting showed that Fed officials were divided about when to begin raising interest rates.

MCX copper prices traded higher by 0.4 percent and closed at Rs.375.5/kg on Friday

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