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Podcast: Let the Money Talk
Episode: Indian Commodities Market: Update on Base Metals Pack - Copper & Zinc | 10th May 2024
Description: Welcome to the Let the Money Talk podcast by PhillipCapital India. In this episode, PhillipCapital's research analyst provides a view on the Base Metals Pack - Copper & Zinc | 10th May 2024
The surge in copper prices, fueled by raw material shortages and optimism in sectors like new energy and AI, weighed on buying sentiment. Drop in the Yangshan premium to zero for the first time on record in late April, signalling subdued import demand. This suggests a nuanced market sentiment, with investors monitoring both demand-side dynamics and supply-side challenges for further direction in copper prices.
Technically, the copper...