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      Base Metals Preview: Copper gains ground

      MoM Team / Mumbai, Jun 23, 2017 10:44 AM IST

        Base Metals Preview: Copper gains ground

        Copper held on to hefty overnight gains, spurred on by data showing the metals shift to global a supply deficit. The global world refined copper market showed a 5,000 tonne deficit in March, compared with a 102,000 tonne surplus in February, industry data released this week.

        The prices of MCX Copper yet again in the last trading day. The metal gained by 0.07 percent to end the day at Rs 370.45 per kg.

        Zinc was mostly flat at $ 2,643 a tonne after ending 3.3 percent higher overnight, bolstered by a weaker dollar and concerns over tightening supplies, with LME stocks at their lowest since January 2009.


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