BUY ZINC FEB @ 328 SL 325 TGT 331-333. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM FEB @ 313 SL 311 TGT 315-317. MCX
Observations
Aluminium trading range for the day is 309.7-318.3.
Aluminium gains 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.
China’s refined aluminium production maintained a steady trajectory in December 2025, reaching a record 3.87 million tons, up 2.9% year-on-year.
Copper
BUY COPPER FEB @ 1244 SL 1234 TGT 1254-1264. MCX
Observations
Copper trading range for the day is 1212.7-1289.1.
Copper prices rose as top consumer China prepares to shut down for the Lunar New Year holiday.
Chilean mine Collahuasi copper production down 12.1% y/y in December at production of 36,200 tons - Cochilco Chilean mine Escondida copper production down 16.5% in December at production of 111,500 tons - Cochilco
Zinc
BUY ZINC FEB @ 328 SL 325 TGT 331-333. MCX
Observations
Zinc trading range for the day is 322.9-335.1.
Zinc gains as investors saw supply concerns and demand prospects remain supportive for the metal.
As the Chinese New Year holiday approaches, a zinc mine in Southwest China suspended production in early February.
China turned net exporter of refined zinc in November and December after a vicious squeeze on the LME contract in October.
