Learn with ETMarkets: Understanding base metals and how to trade it
Base metal prices are shaped by global economic trends and industry-specific factors, with China's economic conditions playing a pivotal role. As the largest consumer and producer, China significantly influences global pricing dynamics.
China’s stimulus and Fed rate cut lift base metals, but short-term outlook remains lackluster
Base metals gained momentum due to China's stimulus and US rate cut, but geopolitical tensions and US dollar recovery limited gains. Copper and aluminum were volatile due to supply worries and weak Chinese demand.
Vedanta breaks out of past lag fuelled by rally in base metals
The stock is up nearly 44% so far in April, outperforming other local metal producers. The Nifty Metal index has risen 7.5% in the same period.
Vedanta forms base metals unit
The new subsidiary was incorporated on October 9, and it will have an authorized share capital of ₹100,000 with shares of ₹1 each. Its subscribed capital will also be ₹100,000, with equity shares of ₹1 each.
Vedanta Resources appoints Chris Griffith as CEO Base Metals & President International Businesses
"Vedanta Resources today announced the appointment of Chris Griffith, former CEO of Gold Fields, one of the largest producers of gold in the world, as the Chief Executive Officer (CEO) for Base Metals & President of its International Businesses," the statement said. In his new role as CEO for Base Metals, Chris Griffith will assume responsibility for steering both Vedanta Zinc International and Vedanta Copper businesses, it added.
Commodity Talk: Base metal prices likely to remain range bound, albeit with positive bias, says Pritam Patnaik of Axis Securities
Globally, copper inventories are diminishing and things are expected to get worse around September this year, as we could witness some uptick in the demand cycle; add to this low and unstable mining supply from Chile and Peru, and the demand-supply balance is completely undone.
Elevated coal price a drag on margins of domestic base metal players: ICRA
ICRA's operating profitability forecast for domestic players is almost 3 percentage points lower compared to its earlier forecast made in September last year and 10 percentage points lower compared to FY'22.
Expecting positive data on base metals in Q1 of 2023: Vandana Bharti
“We will carry forward some vulnerable triggers of 2022 in 2023 as well whether it is the war issue, higher interest rate or a slowdown or a recession curve. We are almost on the verge of recession and we are expecting a demand destruction in commodities prices whether it is crude to industrial metals or other products.”
Base Metals Future Prices
Base Metals Spot Details
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