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Aluminium

BUY ALUMINIUM JUN @ 238 SL 236 TGT 240-242. MCX

OBSERVATIONS

Aluminium trading range for the day is 234.4-242.2.

Aluminium gains amid looming tariff hikes on steel and aluminium.

Goldman Sachs raised H2 2025 aluminium forecast to $2,280/ton on tighter surplus outlook.

U.S. Midwest aluminium premiums surged 54% after Trump announced tariff hikes to 50%.

Copper

BUY COPPER JUN @ 868 SL 864 TGT 873-878. MCX

OBSERVATIONS

Copper trading range for the day is 851.8-882.8.

Copper gains after speculation about possible new import tariffs.

LME stocks dropped to 143,850 tons, a yearly low, after 4,600-ton daily outflow.

Private and official PMIs showed China’s factory activity contracted for a second month.

Zinc

BUY ZINC JUN @ 254 SL 252 TGT 256-258. MCX

OBSERVATIONS

Zinc trading range for the day is 250.5-258.1.

Zinc gains as Shanghai zinc inventories declined nearly 5%, reflecting tight supply from ongoing smelter maintenance.

However upside seen limited amid global trade concerns and broad weakness in metal markets.

China’s manufacturing PMI contracted for a second month, pressuring zinc demand outlook.