Buy Zinc Mar @ 271 SL 269 TGT 273-275. MCX - Kedia Advisory
Aluminium
BUY ALUMINIUM MAR @ 260 SL 258 TGT 262-264. MCX
Observations
Aluminium trading range for the day is 257.2-263.8.
Aluminium rose as US President Trump's tariffs drive US physical market aluminium premiums to record high
JP Morgan predicts global aluminium deficit to exceed 600,000 tons in 2025
Global aluminium output rises 2.7% year on year in January – IAI
Copper
BUY COPPER MAR @ 878 SL 873 TGT 884-888. MCX
Observations
Copper trading range for the day is 856.2-894.8.
Copper surged after US President Trump stated that the country would tariff copper imports.
The US President noted he imposed tariffs on copper along with other base metals in his speech before Congress.
Treatment charges by smelters were still below zero, reflecting the large extent of overcapacity in refined copper production.
Zinc
BUY ZINC MAR @ 271 SL 269 TGT 273-275. MCX
Observations
Zinc trading range for the day is 266-275.2.
Zinc gains as worries about the U.S. import tariffs widened and China's fresh stimulus measures.
Global mined zinc production fell for the third consecutive year in 2024
China's manufacturing activity returned to expansion in February.
