BASE METAL : MCX Nickel, Copper and Zinc All Target Hit. Copper rose to a near eight-year high during morning trading on the London Metal Exchange on Wednesday January 6 on news about an output delay from the Las Bambas mine in Peru and anticipation over the results of the Georgia run-off senate elections.
MCX Zinc, Copper, Nickel, Lead (January Contract), All Base Metal Tips Hit All Target – Neal Bhai Reports
BASE METAL TIPS – All Intraday Call Hit – Neal Bhai Reports
MCX Zinc settled down 0.57% at 183.1 as deliveries to LME-approved warehouses lifted LME zinc inventories for two consecutive days, but the stocks are unlikely to further grow.
The global zinc market swung into a 10,900 tonne surplus in June from an upwardly revised deficit at 38,200 tonnes May, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first half of the year, the global deficit rose to 134,000 tonnes from 103,000 tonnes in the same period last year.