Metal
stocks gained momentum due to the rise in the base metal prices in the global
market. According to Ajay Kedia of Kedia Commodity, the metal prices have
been getting an edge over the past few years. Looking at worries related
to environmentalism in many countries including China, the units are being shut
down or the production is being limited. With the closure of the units,
the possibility of supply disrupted has increased, which helped the
prices. Aluminum and nickel have the fastest growth.
-
Kedia said that in December, January and February, metal prices are often seen
very fast. New Year's holiday is going to be held in China in
February. All orders have to be closed before going on
holiday. Therefore, during this time the purchase increases. From
this, metal prices have got support. There has been a spurt in metal
stocks.
Accordingly,
according to a global agency, in the year 2018, labor contracts are being
renewed in many mines. There is a lot of difficulty in contract
renewal. Union prices are expected to support metal prices. So you can
work with Metal stock.
No comments:
Post a Comment