📌 Base Metals Update

Advisory Bazaar Info Services

🔹 Copper – Copper prices may remain on a firm path and trade in the range of 905–920. Copper futures are seeing weekly gains on expectations of a potential U.S. Federal Reserve rate cut and tightening supply due to a decline in Peruvian production. The Dollar Index last traded at 97.585 and is on track for a second consecutive weekly decline. Rising U.S. jobless claims and a slight increase in inflation have strengthened expectations of a Fed rate cut next week. Peru, the world’s third-largest copper producer, recorded July output down 2% YoY at 228,007 metric tons.

🔹 Aluminium – Prices may remain mixed and trade in the range of 257–262.

🔹 Lead – Prices may remain mixed and trade in the range of 180–184.

🔹 Zinc – Prices may fluctuate and trade in the range of 277–282.