Base metals lose momentum amid strong dollar and demand concerns
Base metal prices have corrected sharply in recent months after a strong rally during the first half of the year. On MCX, copper has declined from around ₹1,432 per kg to below ₹1,315, while aluminium has fallen from ₹397 to ₹326. Zinc has also retreated from its August peak of ₹452 to around ₹403. The pullback has been driven by a combination of factors including a stronger US dollar, uneven…
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Base metals lose momentum amid strong dollar and demand concerns (opens The Economic Times in a new tab)
Base metal prices have corrected sharply in recent months after a strong rally during the first half of the year. On MCX, copper has declined from around ₹1,432 per kg to below ₹1,315, while aluminium has fallen from ₹397 to ₹326. Zinc has also retreated from…
