Base Metals

A weaker U.S. dollar in recent days has also helped metals, which are priced in the greenback, by making them cheaper for buyers with other currencies.

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

The price buoyancy of base metals is likely to continue in the calendar year 2022, as low visible inventories and demand-supply gap may insulate against any sharp rate corrections

The Nifty Metal index surpassed its previous high of 6,079.55 on October 14, 2021.

Strains in China are particularly evident, where factory-gate prices rose at the fastest pace in almost 26 years in September

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry

Demand is set to surge on the back of climate-change investment

Robust demand recovery amid gradual supply increase is expected to push base metal prices higher on a year-on-year basis in 2021

The Nifty Metal index is struggling to sustain above the 3,600 mark. However, once breached decisively, an up move towards 4,000 levels can not be ruled out.

Shares of firms in this space up 50-198% since November 2020; global demand for copper and aluminium outstrips supply, pushing spot prices higher than futures

The concerns are outweighing the improved earnings outlook led by rebound in base metals prices

MCX said it is planning to launch spot exchange in base metals which will help develop and discipline the fragmented physical market and complement bourse's delivery-based futures market

Agency says business disruptions led by Covid-19 likely to persist over next 6-9 months; realisations likely to remain volatile over H2 of FY21

To be called MCX iComdex base metals index futures, the new indices will start trading from October 19, the bourse said in a statement

Prices surge 3.5-12% from recent lows about a month ago with silver futures topping recovery chart among metals; crude futures for near-month delivery surged by as much as 41.7%

After hitting multi-year lows, metal prices have seen some gains. Though lower input costs are supportive, demand is the crucial missing piece

The demand ranges from financial support to tide over liquidity issues to logistics and trade policy support

Metal prices declined between 3 per cent and 6 per cent on the Multi Commodity Exchange (MCX), toeing global move as selling pressure

Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk

Decline in silver over 3%, gold holds fort with a marginal loss