01.09.2015 - Base metals rebound on physical buying on lows
Most base metals gained upto 5.7% on bargain hunting due to fresh support from weak sentiment in global equity markets. Renewed support from China prompted traders to book afresh amid expectations of a rebound in equity trade, which got global markets into panic due to consistent fall earlier last week. Nickel let the entire basket base metals complex with its highest gain of 5.70% at $9,835 a tonne on the benchmark London Metal Exchange (LME). Zinc followed suit and gained 4.95% after steep fall on Monday. On Friday, zinc settled at $1,793 a tonne...............................................Full Article: Source
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