Base Metals Update

Desk: @Advisory Bazaar Info Services

Copper: Copper prices may exhibit a mixed trend and are expected to move within the range of ₹847–₹855. On Tuesday, the most actively traded contract on the Shanghai Futures Exchange (SHFE) showed a slight decline. Despite a temporary pause in U.S.-China trade tensions, investors remain cautious.

Aluminum: Aluminum prices are likely to show a positive trend and may trade in the range of ₹234–₹239.

Lead: Lead prices may hover between ₹175–₹179.

Zinc: Zinc prices are expected to fluctuate within the range of ₹240–₹255.

Global Cues: U.S. President Donald Trump had earlier imposed tariffs of up to 145% on imports from China. However, as per a joint statement from the U.S. and China, both nations have agreed to reduce tariffs for 90 days and work toward ending the trade war. This news led to a rally in industrial metals on Monday.