BUY COPPER MAR @ 1195 SL 1185 TGT 1205-1215. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 309 SL 307 TGT 311-313. MCX
Observations
Aluminium trading range for the day is 307.2-315.
Aluminium prices dropped as investors puzzled over the future of U.S. tariffs.
Century Aluminum expects to resume operations at its Grundartangi smelter in Iceland by the end of April, six months ahead of its initial timeline.
Global primary aluminum output reached 6.317 million tons in January, representing an increase from the 6.239 million tons – IAI
Copper
BUY COPPER MAR @ 1195 SL 1185 TGT 1205-1215. MCX
Observations
Copper trading range for the day is 1174-1224.2.
Copper prices ended with gains on some buying support as traders in mainland China returned from the extended Lunar New Year holiday.
Copper stocks in LME warehouses rose to 243,175 tons, the highest since March 2025, having surged 70% so far this year.
JP Morgan forecasts copper prices of $13,500/t in Q2’26 and $13,000/t in Q3’26
Zinc
BUY ZINC MAR @ 327 SL 325 TGT 329-331. MCX.
Observations
Zinc trading range for the day is 323.1-335.1.
Zinc prices rose propelled by positive sentiment in China, where markets reopened following a holiday.
Support also seen as low inventories and mine closures, delays underpinned prices.
Goldman Sachs expects the global zinc market to be in a small surplus this year.
