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Aluminium

BUY ALUMINIUM FEB @ 312 SL 310 TGT 314-316. MCX

Observations

Aluminium trading range for the day is 307.2-317.6.

Aluminium gains as tightening global supply coincided with growing demand.

However upside seen limited as tightening global supply coincided with growing demand.

Goldman Sachs lifted its first-half outlook for the light metal to $3,150 a ton from $2,575, attributing the hike to low global inventories.

Copper

BUY COPPER FEB @ 1245 SL 1235 TGT 1255-1265. MCX

Observations

Copper trading range for the day is 1229-1264.4.

Copper rose as China will expand its strategic copper reserves.

Copper stocks in LME approved warehouses at 184,300, are up 25% since January 9.

Chile's state copper commission Cochilco predicted that the average price will hit $4.95 per pound this year.

Zinc

BUY ZINC FEB @ 325 SL 323 TGT 328-330. MCX

Observations

Zinc trading range for the day is 318.5-330.3.

Zinc gains as investors saw supply concerns and demand prospects remain supportive for the metal.

However upside seen limited amid stable supply and weak demand, with inventories expected to gradually accumulate.

Global mine output jumped by 6.5% year-on-year in the first 10 months of 2025.