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Aluminium

BUY ALUMINIUM JAN @ 317 SL 315 TGT 319-321. MCX

Observations

Aluminium trading range for the day is 316.3-319.3.

Aluminium gains supported by supply concerns as China hit the government's production capacity ceiling.

China aluminium production up 3.0 % to 3.87 mln metric tons in Dec – stats bureau

China December aluminium imports rise 7% y/y, customs data shows

Copper

BUY COPPER JAN @ 1295 SL 1285 TGT 1310-1318. MCX

Observations

Copper trading range for the day is 1282.1-1318.5.

Copper climbed on concerns over the economic impact of Trump’s latest tariff threats against European nations.

Investors also assessed mixed economic signals from China, where full-year GDP growth in 2025 met Beijing’s 5% target.

Copper availability in the London Metal Exchange's registered warehouses fell by 22% to the lowest in six months.

Zinc

BUY ZINC JAN @ 313 SL 311 TGT 315-317. MCX

Observations

Zinc trading range for the day is 311.2-316.6.

Zinc prices rebounded on a weaker dollar and after data from China came in better than expected.

The dollar index fell after Trump said he would impose an additional 10% import tariff from February 1 on eight European nations.

China's industrial output rose 5.2% in December from a year earlier, faster than in November and higher than expected.