The London Metal Exchange (LME) witnessed significant price surges across base metals following optimistic macroeconomic reports from China, with all metals marking gains by Wednesday, 3 March.
Three-month aluminium futures showed a modest uptick of 2 per cent to reach $2,429 per tonne (t), while nickel exhibited a 1.8 per cent rise to $17,339 per tonne. Copper prices settled at $9,262 per tonne, and zinc experienced a notable increase of 2.7 per cent to $2,548 per tonne. Lead prices also climbed by 3 per cent to $2,082 per tonne. Meanwhile, stocks at LME-registered warehouses displayed a mix of trends during this period.
Egypt Aluminum sees a double-digit hike in net profit during the nine-month period of FY2024
