Base metals lose momentum amid strong dollar and demand concerns

GreyOak summary

Base metal prices on MCX corrected sharply, with copper falling to below 1315, aluminium to 326, and zinc to 403. The decline is driven by a stronger US dollar, uneven recovery in China's property sector, and rising crude oil prices. While long-term demand from electrification remains, investors are focused on short-term global growth headwinds.