Falling rupee to keep base metals costlier in India despite global lull

While aluminium reported a weekly gain of 6.2% at Rs 150 a kg for near month delivery on Thursday on MCX, copper was up 2.3% to Rs 420 a kg

Base metals prices are likely to remain under pressure in coming weeks due to a strengthening dollar and the negative impact on the global economy, following the ongoing trade war between the United States and China.

Barring aluminium, all industrial metals recorded a decline in their prices of up to five per cent during the past one month due to the spat between the two major global economies, which has threatened metal consumption going forward. While aluminium jumped by 3.6 per cent in August to close at $2,127 a tonne on Thursday, all other base metals traded in negative territory