We Expect Base Metals Prices To Trade Positive - Ripples Advisory Pvt Ltd

Copper slid to three-month lows on Wednesday as a tentative recovery in broader financial markets lost steam, with geopolitical tensions and fading hopes of a boost to U.S. demand putting pressure on prices. The metal slipped this week along with other cyclical assets as concerns over North Korea and the Middle East ratcheted up. While equities initially recovered some losses on Wednesday, they quickly lost momentum, while copper continued to languish.

Outlook

We expect base metal prices likely to trade volatile on the back of mixed fundamentals.

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