Nickel’s turbo-charged rally was snuffed out on Wednesday by a super-sized delivery of the battery metal on the London Metal Exchange (LME).
Base Metals
Copper Prices Jump to Four-Month High as Supply Gets Tight — Prices Set for More Upside
Copper prices in the US moved above $5.20 per pound on Monday, hitting their highest level in four months. The rally came mainly due to tight global supply, higher premiums, and a continued rise in international demand.
MCX Copper Price Outlook: Target ₹1020–₹1030 Soon, Experts Advise ‘Don’t Panic at Lower Levels’
MCX Copper Price Outlook: MCX Copper prices are expected to touch ₹1020–₹1030 soon, say market experts. Traders are advised to stay calm and avoid panic at lower levels as bullish momentum builds in the base metal market.
LME Copper Soars to Record Highs as Global Demand and Fund Flows Strengthen
LME copper prices surged to record highs as strong global demand, tight supply, and renewed fund inflows boosted market sentiment. Analysts expect continued volatility as fundamentals and investment trends align in favor of the red metal.