Mixed Performance in Base Metal Prices

Base metal prices showed mixed results on Friday. Copper prices on the London Metal Exchange (LME) declined, heading toward a third consecutive weekly drop. This trend comes amid the Lunar New Year holiday in China—the world's largest copper consumer—and is further driven by rising inventories and a stronger US Dollar, both of which have pressured the "red metal," according to CNN.اضافة اعلان

Benchmark copper on the LME was last traded at $12,793 per tonne, down 0.1%, marking a 0.7% decrease for the week so far.

Performance of other metals:

Zinc: Rose 0.1% to $3,342.50 per tonne.

Nickel: Stabilized at $17,280 per tonne.

Aluminum: Climbed 0.4% to $3,079 per tonne.

Lead: Dropped 0.2% to $1,951 per tonne.