Buy Copper Dec @ 1046 SL 1040 TGT 1052-1058. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM DEC @ 274 SL 272 TGT 276-278. MCX
Observations
Aluminium trading range for the day is 271.9-279.3.
Aluminium dropped on profit booking after prices gained amid concerns that Chinese smelters are nearing government-imposed capacity limits, constraining supply.
China's Nov Alumina output falls 4.44% mom as environmental curbs cut northern operations
Aluminium inventories in warehouses monitored by the Shanghai Futures Exchange dropped 6.82% from last Friday.
Copper
BUY COPPER DEC @ 1046 SL 1040 TGT 1052-1058. MCX
Observations
Copper trading range for the day is 1034.5-1060.5.
Copper dropped on profit booking after prices gained due to supply constraints.
China’s top copper smelters will cut production by over 10% in 2026.
Treatment and refining charges have been negative in 2025 due to tight copper supply and expanding Chinese smelting capacity.
Zinc
BUY ZINC DEC @ 305 SL 303 TGT 307-309. MCX
Observations
Zinc trading range for the day is 303.7-310.3.
Zinc dropped pressured by a firmer dollar, lower risk appetite and as investors locked in profits from a rally.
Global zinc market surplus declined to 20,300 metric tons in September from 32,700 tons in August.
A zinc mine in Central China is planning a routine maintenance shutdown in December, resulting in fewer production days.
