Base metal prices are rallying, fueled by growing optimism about global demand. Increased manufacturing output and infrastructure development projects are key factors driving this surge.

Factors Influencing the Price Increase

• Increased Manufacturing Activity: A rebound in manufacturing sectors worldwide is boosting demand for base metals.
• Infrastructure Projects: Government investments in infrastructure are consuming significant quantities of metals like copper and aluminum.
• Economic Indicators: Positive economic data releases are reinforcing the bullish sentiment in the market.

Specific Metals Performance

Copper, a bellwether for economic activity, has seen substantial gains. Aluminum and zinc are also experiencing price increases due to strong demand from various industries.

Analysts suggest that the current rally could be sustained if economic growth continues on its current trajectory. However, they caution that any signs of a slowdown could trigger a price correction.