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Base metal prices at a crossroads; analysts prefer Hindalco

The trade-related tension between the world's two biggest economies has already seen across-the-board selling in metal space.

aluminium

Base metals prices are at a crossroads. All eyes, analysts say, are now set on the outcome of the upcoming G20 summit that will have a bearing on how metal prices play out going ahead. A failure to reach an agreement could see import duties on Chinese goods raised to 25 per cent from the current 10 per cent, which analysts say will be damaging for the world economy. The trade-related tension between the world’s two biggest economies has already seen across-the-board selling in metal space. Base metal prices, including copper, have corrected 18 – 20 per cent on an ...