Base Metals Outlook

Today’s base metals market may witness mixed trends.

•  Prices are expected to remain stable. Following U.S. President Donald Trump’s announcement of a reciprocal tariff plan, copper prices surged to a three-month high. However, since the plan will not be implemented immediately, the market may see some relief.

• Global Scenario: Concerns over a potential trade war have intensified due to proposed tariffs on U.S. imports. Amid expectations of tariffs on copper, short-covering on the London Metal Exchange (LME) led to significant price fluctuations last week.

Expected Trading Range for Today:

🔸 Copper: 860-878

🔸 Aluminum: 256-259 

🔸 Lead: 177-183

🔸 Zinc: 260-275