Base metals are currently facing widespread selling pressure, driven by a combination of factors. Market analysts suggest that a significant portion of the decline is attributable to profit-taking, as investors capitalize on recent gains in the sector.

Additionally, growing concerns about the pace of global economic growth are weighing on sentiment. Slower economic expansion could translate to reduced demand for base metals, which are essential inputs for various industries. This outlook has prompted some investors to reduce their exposure to the sector. Market participants are closely monitoring economic indicators and policy decisions for further clues about the direction of base metal prices.