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LME INVENTORY CONCERNS
Copper hits over six-month high as LME supply concerns mountCopper prices reached their highest level in over six months on Monday. This surge occurred as London Metal Exchange inventories dropped si...
Zinc Rally: What's drivingprices to record highs and what lies ahead?Zinc prices have escalated to their highest levels in years on international markets, fueled by supply interruptions and dwindling stockpil...
Explained: Why Vedanta Aluminium, Hindalco, Nalco shares tumbled up to 7% on FridayVedanta Aluminium, Hindalco and NALCO fell as aluminium prices retreated after Norsk Hydro resumed Alunorte refinery production, easing sup...
Vedanta Aluminium wipes off Rs 25,000 cr worth investor wealth in under a month. Time to buy?Vedanta Aluminium shares have dropped significantly since their listing date. This decline has erased substantial investor wealth in a shor...
Explained: Why aluminium is emerging as manufacturers' preferred alternative to copperRecord copper prices are accelerating manufacturers' shift toward aluminium, driven by lower costs and lighter weight. Automakers are expan...
Zinc prices at multi-year highs: What’s driving the rally and what lies ahead?Zinc prices have climbed to multi-year highs as tight global inventories, rising production costs, and supply disruptions fuel a strong ral...
Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in ...
Aluminium prices near record high: What’s driving the rally?Aluminium prices are trading near multi-year highs due to persistent structural supply tightness, not temporary factors. Stricter environme...
Copper buoyed by sagging dollar and US stimulus hopesThree-month copper on the London Metal Exchange (LME) rose 1.9% to $7,970 a tonne by 1740 GMT. The metal, used in the power and constructio...
Zinc prices on LME hit over 10-year highChinese import trend in the second half of 2017 has also been quite supportive for the metal.
Zinc futures soften 1.50% on global cuesLikewise, the metal for delivery in October softened by Rs 1.50, or 1.35 per cent, to Rs 109.65 per kg in 50 lots.
- Copper futures down on weak global cues
Copper futures prices fell 0.28% to Rs 426.50 per kg, as speculators trimmed their positions amid weak trend in global markets.
- Copper futures marginally down on global cues
Copper futures prices today fell by 0.16 per cent to Rs 432 per kg as speculators trimmed their positions amid a weak trend.
- Metals swing to the LME beat
While weak sentiment continued to prevail in copper and lead markets, nickel and tin counters continued to experience bullish sentiment.
- It’s a mixed show for base metals
Base metals remained comparatively muted on fears that the credit crunch would have a long-term impact on global growth prospects.
- Lead futures remain firm, up 2.8 pc in opening trade
Supported by fall in LME-monitored inventories, lead extended its upward march to trade 2.8 pc in opening trade on the domestic futures mar...
- Base metals remain weak on global cues
The wholesale prices of base metals continued to decline here today on increased selling by stockists, triggered by weakening global market...
- Low US demand puts pressure on copper, zinc
Industrial metals copper, zinc and nickel are expected to remain under pressure on dampening housing demand in the US.
- Low US demand puts pressureon copper, zinc
Industrial metals copper, zinc and nickel are expected to remain under pressure.
- Fed move may stabilise metals market here too
Tremors of the sell-off in financial markets across the globe are being felt in the metal markets too.