Mumbai, March 13 -- OPEC stated that its base metal index advanced for a second consecutive month in February, increasing by 3.2%, m-o-m. Metal prices were slightly mixed in February, with only nickel and zinc prices experiencing declines over the period. Ongoing improvements in global industrial activity were a supportive factor. The global manufacturing PMI rose to 50.6 in February, up by 1.1%, m-o-m. Uncertainties regarding US trade policy also added support to metal prices, particularly those directly impacted by US tariff announcements. Compared with the same period last year, the base metal index was up by 14.3%, y-o-y.
Published by HT Digital Content Services with permission from Capital Market....