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The Economic Times

Base metals lose momentum as strong dollar, demand concerns weigh

AI Market Summary
A firmer dollar and elevated Treasury yields are weighing on base metals, with copper, aluminium and zinc retreating on MCX. The move signals softer commodity demand expectations and tighter financial conditions. This may pressure industrial-metal proxies and related cyclical assets, reinforcing a cautious tone across commodities in the near term.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT-1.63%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▼ Bearish
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The Dollar Index climbed to the 103-104 range. Copper fell from around ₹1,432 per kg to below ₹1,315. Aluminium dropped from ₹397 to ₹326. Zinc retreated from its August peak of ₹452 to around ₹403.
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