Buy Copper trading range for the day is 1316.8-1351.8 - Kedia Advisory
Aluminium
BUY ALUMINIUM AUG @ 339 SL 336 TGT 342-344. MCX
Observations
Aluminium trading range for the day is 336-344.
Aluminium gains as tensions between the US and Iran flared up again, dampening expectations for the restart of Middle Eastern smelters.
Stocks in LME-registered warehouses fell further to 267,800, the lowest level seen this century.
Alcoa lowered its 2026 alumina production guidance by 200,000–300,000 tonnes to 9.5–9.6 million tonnes
Copper
BUY COPPER AUG @ 1335 SL 1325 TGT 1345-1355. MCX
Observations
Copper trading range for the day is 1316.8-1351.8.
Copper gains supported a weaker dollar, after the Federal Reserve said it would keep interest rates steady.
Dwindling inventories, supply concerns and demand from China also offered support for copper.
LME copper stocks fell by 6,900 tons to 255,400 tons, the lowest since February.
Zinc
BUY ZINC AUG @ 379 SL 376 TGT 382-385. MCX
Observations
Zinc trading range for the day is 375.1-384.5.
Zinc gains as China's southwest zinc mine to cut production by 1,000 tonnes in August
Glencore reported own-sourced zinc production of 365,600 tonnes for H1 2026, down 99,600 tonnes, or 21%, year on year.
Ivanhoe Mines maintains 2026 Kipushi zinc production guidance at 240,000-290,000 tonnes
