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Nickel, Iron Ore, Steel Lead Rally As Metals Gather Steam In Second Half | Business Standard News

by business-standard.com posted 3days ago 7 views
Pressure of domestic Aluminum and copper companies continues, may ease if prices rise sharply. : Base metal prices have been rallying since the beginning of the year, with practically every commodity in the category on the uptrend. While the average price rise in copper and zinc is 3-5 per cent, nickel, iron ore and steel prices are up in double digits. Analysts say while fundamentals in the metal segment are supporting a bullish trend, sentiments are not supportive of a bigger rally, as large buyers and investors are postponing their purchase decisions till trade war scene comes clear.

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