18/03/2025
China stimulus hope and impressive economy data lifted Copper price to 5-month high on LME….Positive on Hindalco, Vedanta, and National Aluminum
· Positive outlook for metal stocks is expected following China’s better-than-anticipated retail sales data and the February IIP data surpassing Bloomberg estimates.
· As a result, base metal prices, such as copper and aluminum, surged to a four-month high on the LME, driven by China being the largest global consumer of metals.
· The Nifty Metal Index rose by 1.5%, led by Vedanta, National Aluminum, Jindal Steel, and JSW Steel. The rally is expected to continue for Hindalco, Vedanta, and National Aluminum.