Base metals gain; Fundamentals on back seat

Commodity Markets online.com reports that, fearing a dwindling supply in both zinc and lead, prices were driven up for all base metals on the LME, with the exception of Nickel.

The story is quoted as saying:

For the next 2-3 months, base metals seemed to be bullish. However, before it rises from current levels and makes new highs, it is likely to fall on the back of profit booking. But it is difficult to say, when the market is going to correct.

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