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Informist, Monday, Nov. 10, 2025

 

By Ashutosh Pati

 

MUMBAI – Futures contracts of all base metals on the Multi Commodity Exchange of India rose Monday, tracking gains on the London Metal Exchange, where the contracts rose due to a weak dollar. Market sentiment was also supported as progress in US budget talks fuelled hope of ending the prolonged government shutdown, according to analysts.

 

At 1833 IST, the dollar index, which measures the strength of the greenback against a basket of six currencies, was down 0.2% at 99.55. A weak dollar makes dollar-denominated commodities such as base metals cheaper for those holding other currencies, aiding demand for such metals.

 

A deal aimed at ending the US government shutdown has passed the US Senate, paving the way for the record-breaking impasse to be broken, BBC reported.

 

COPPER prices also rose amid persistent supply concerns. Chile's state-run miner Codelco reduced output guidance for this year despite higher production in the first nine months, Reuters reported. Codelco lowered its 2025 copper production forecast to 1.31 million tonnes from 1.34 million tonnes.

 

Meanwhile, in the US, the government added copper to its critical minerals list, underscoring its importance for electric vehicles and infrastructure.

 

At 1830 IST, on the MCX, the November futures contract of:
-–ALUMINIUM was at INR 273.85 a kg, up 0.5%
–-Copper was at INR 1,009.55 a kg, up 0.9%
–-LEAD was at INR 184.20 a kg, up 0.4%
–-ZINC was at INR 305.35 a kg, up 1.1%

--NICKEL was at INR 1,322.00 a kg, up 0.1%

 

Trading levels for the day on the MCX:
--Aluminium contract seen at INR 271.00 -INR 276.00
--Copper contract seen at INR 1,002.00-INR 1,016.00
--Lead contract seen at INR 182.00-INR 186.00
--Zinc contract seen at INR 302.00-INR 308.00
--Nickel contract seen at INR 1,300.00-INR 1,340.00

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

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