Buy Copper Dec @ 1116 SL 1110 TGT 1123-1130. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM DEC @ 283 SL 281 TGT 285-287. MCX
Observations
Aluminium trading range for the day is 283.1-286.3. Aluminium gains tracking LME prices climbed toward $2,970 per tonne, marking the highest since May 2022. South32 announced that its Mozal smelter in Mozambique will be placed under care and maintenance by March 2026. Global aluminium output rises 0.5% year on year in November – IAI
Copper
BUY COPPER DEC @ 1116 SL 1110 TGT 1123-1130. MCX
Observations
Copper trading range for the day is 1114.6-1127.4.
Copper rose as structurally tight supply conditions and optimism around long-term infrastructure demand continued to support.
Prices on the LME are on track for their strongest annual gain since 2009, supported by persistent mine disruptions.
Chilean miner Antofagasta and a Chinese smelter agreed on zero processing fees for 2026, the lowest level ever recorded in annual talks.
ZINC
BUY ZINC DEC @ 301 SL 299 TGT 303-305. MCX
Observations
Zinc trading range for the day is 300.4-305.
Zinc gains as zinc mine in Central China is planning a routine maintenance shutdown, resulting in fewer production days.
A zinc mine in Southwest China has largely completed its annual production target and is scheduled to undergo maintenance shutdown.
Zinc output in November rose 13.3 percent year-on-year to 654,000 metric tons.
