DBT Bureau
Pune, 23 Sep 2025
Base metals traded with mixed momentum on Tuesday, showing both support and resistance movements as investors monitored global demand trends and inventory levels.
Copper SEP5 tested support at 906.2 and resistance at 924.3, closing near 912.2, indicating cautious buying around key technical levels. Traders highlighted that the metal remains sensitive to global industrial cues and LME inventory reports.
Lead SEP5 remained relatively stable, moving between 181.8 and 184.0 and settling at 182.5. Analysts noted that stable battery demand and tight regional supply continue to underpin prices.
Zinc SEP5 displayed bullish tendencies, trading in a range of 275.6–287.6 and ending near 279.6. Market watchers cited strong construction and galvanization demand, alongside limited output from major producers, as supporting factors.
Aluminium SEP5 rebounded from a low of 252.4 to a high of 264.2, finishing around 256.3. Positive cues from automotive and infrastructure demand, coupled with expectations of inventory draws, helped lift the metal.
Technical Outlook:
Copper support levels: 908.5, 906.2 | Resistance: 920.6, 924.3
Lead support levels: 182.1, 181.8 | Resistance: 183.6, 184.0
Zinc support levels: 277.8, 275.6 | Resistance: 285.8, 287.6
Aluminium support levels: 254.6, 252.4 | Resistance: 262.5, 264.2
Traders are watching key pivot points to gauge potential breakout or correction moves in the base metals segment for the coming sessions.
Source: Geojit Investments Ltd.
