Nirmal Bang's video: Monthly Outlook Base Metals July 2024 Kunal Shah Nirmal Bang
@Monthly Outlook | Base Metals | July 2024 | Kunal Shah | Nirmal Bang
Highlights -
👉 Base metals, including copper, zinc, and aluminum, saw significant declines in June due to unfavorable data from China, particularly in the real estate and manufacturing sectors.
👉 July is expected to be a crucial month for base metals as China is set to announce its five-year plan around mid-July. Growth-oriented plans and infrastructure pushes from China could lead to a positive trend in the metals market.
👉 Despite recent declines and weak data from China, there is an increasing expectation for a rate cut. Investors are advised to accumulate metals like aluminum on dips, with an anticipated profit from mid-July onwards.
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Nirmal Bang's video: Monthly Outlook Base Metals July 2024 Kunal Shah Nirmal Bang
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