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Base metals prices on LME show negative trends, stocks witness mixed movements

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Update time : 2024-12-13 18:03:04
Base metals prices on the London Metal Exchange (LME) showed negative trends, except for nickel, which increased by 0.91 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed mixed movements, with zinc stocks decreasing by 0.76 per cent d-o-d.

Aluminium prices declined due to a rise in China's production of the same. Despite some smelters undergoing maintenance, production capacities are being ramped up, which is expected to increase overall output.

Additionally, China's strong aluminium exports and economic policy shifts are boosting market confidence.

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