Industry News

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

Views : 45
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.

Related News
Read More >>
Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s it's context, impact and more Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s it's context, impact and more
Feb .24.2025
Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s it's context, impact and more
METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy
Feb .24.2025
METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy
Primary aluminum alloy market weak recovery in off-season: when will spring arrive Primary aluminum alloy market weak recovery in off-season: when will spring arrive
Feb .24.2025
Primary aluminum alloy market weak recovery in off-season: when will spring arrive
Trump’s tariffs: How a 25% markup on foreign steel and aluminum will create winners and losers in Cleveland Trump’s tariffs: How a 25% markup on foreign steel and aluminum will create winners and losers in Cleveland
Feb .24.2025
Trump’s tariffs: How a 25% markup on foreign steel and aluminum will create winners and losers in Cleveland