Metals that oxidize, tarnish or corrode relatively easily when exposed to air or moisture. Base metals are widely used in commercial and industrial applications. They are more abundant in nature and therefore far cheaper than precious metals such as gold, silver and platinum. Base metals include aluminium, copper, lead, nickel and zinc.
Factors Influencing the Market
Metals prices in India are fixed on the basis of the rates that rule in the international spot market, and Indian Rupee and US Dollar exchange rates.
Economic events such as the national industrial growth, global financial crisis, recession and inflation affect metal prices.
Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect metal prices.
Trade policies set by the Government (implementation or suspension of taxes, penalties, and quotas) affect supply as they regulate (restricting or encouraging) material flow.
Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
As societies develop, their demand for metal increases based on their current economic position, which could also be referred as ‘National Economic Growth Factor’.
iTS Capita provides mcx recommendations in base metals. Commodity news during intraday are also provided. iTS Capita also receives relevant information for the metals. All base metals are broadly traded by dealers, traders in India, but the major effect on the prices is based on the prices and inventory numbers on global stock exchanges like NASDAQ, LSE etc. So it is very essential to know the figures once you are holding a position. We updates you with Timely Information available with us.
Basic specifications are as mentioned below: