Aluminium prices concluded the session with a slight decline, decreasing by 0.04% to Rs 284.4, as market participants took profits following a period of supply-driven optimism. Prices had strengthened in response to South32’s announcement regarding the Mozal smelter in Mozambique, which is set to enter care and maintenance by March 2026 due to the absence Read More
Zinc prices experienced a slight increase of 0.45%, closing at Rs 302.75. This uptick is attributed to emerging supply-side constraints, particularly following the announcement of a routine maintenance shutdown at a zinc mine in Central China, which has led to a reduction in available production days. Further backing was provided by anticipations of reduced zinc Read More
Copper prices experienced a modest increase, closing up 0.28% at Rs 1,114.85, bolstered by robust production data from China and ongoing apprehensions regarding potential supply constraints in the future. In November, China’s refined copper production experienced a significant increase, rising by 11.9% compared to the same month last year, reaching 1.24 million tons. This figure Read More
Zinc prices experienced a decrease of 0.59%, concluding at Rs 302.45. This decline was primarily driven by an unexpected increase in supply from China, coupled with renewed apprehensions regarding domestic demand. In November, China’s zinc production experienced a year-on-year increase of 13.3%, reaching 654,000 metric tons, highlighting a significant near-term supply surplus. Weak Chinese macro Read More
Copper prices maintained their upward trajectory, closing up by 0.67 percent at Rs 1,113.35, fueled by ongoing worries regarding potential supply shortages that have spurred speculative buying activity. LME copper has experienced a rally of approximately 33 percent this year, achieving consecutive record highs in recent weeks. This surge is driven by expectations that mine Read More
Zinc prices experienced a notable decline, closing down 1.86% at Rs 302.95, as market sentiment soured in response to a rise in exchange inventories and a cautious approach ahead of significant US economic data releases. LME zinc stocks surged by 31,075 metric tons, representing a significant 48% increase, which brings total inventories to 95,550 tons Read More
Copper prices increased by 1.18% to close at Rs 1,109.7, buoyed by positive sentiment regarding China’s dedication to an active fiscal policy in the coming year and the U.S. Federal Reserve’s recent interest rate reduction and expansion of its balance sheet. China’s official Xinhua news agency has indicated that policymakers are set to sustain fiscal Read More
Aluminium prices concluded the session with a slight decline of 0.64% at Rs 278.9, reflecting the overall weakness in the broader base metals market as investors processed recent remarks from the Federal Reserve and reevaluated the interest rate projections for 2026. Despite the decline, the downside remained constrained, bolstered by enhancing demand prospects and ongoing Read More
