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ALUMINIUM

BUY ALUMINIUM JAN @ 317 SL 315 TGT 320-322. MCX

Observations

Aluminium trading range for the day is 312.6-322.2.

Aluminium dropped on a stronger dollar and easing concerns over the potential imposition of U.S. tariffs .

Aluminium stocks at three major Japanese ports rose to 316,800 metric tons at the end of December, up about 1.5%.

Citi upgrades its 0-3 month aluminium price target forecast to $3,400/t (from $2,950/t)

COPPER

BUY COPPER JAN @ 1305 SL 1295 TGT 1315-1325. MCX

Observations

Copper trading range for the day is 1271.2-1330.4.

Copper dropped weighed down by easing concerns over a potential imposition of U.S. tariffs on critical minerals.

Chin's import of copper increased 2.3% from a month ago to 437,000 metric tons in December

Chile mining group sees 2026 copper output at up to 5.7 million tons

ZINC

BUY ZINC JAN @ 311 SL 309 TGT 313-315. MCX

Observations

Zinc trading range for the day is 312.1-322.3.

Zinc gains amid optimism over strong demand from China.

Prices also gained supported by tightening inventories and ongoing supply disruptions.

The cash LME zinc contract was trading at a discount of $14 a ton against the three-month forward.