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Industrial metals extend rally on tighter supplies and stronger global manufacturing demand
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Base metals prices climbed as supply shortages and solid industrial demand lifted copper, aluminium, and zinc, even as precious metals faced mild profit booking.
Base metals including copper, aluminium, and zinc advanced further as supply disruptions coincided with resilient industrial demand in Asia and Europe. Traders reported rising warehouse withdrawals and shrinking inventories, driving benchmark prices higher on the London Metal Exchange. Analysts highlighted renewed optimism around infrastructure spending and manufacturing recovery despite modest softening in precious metals. Aluminium rose 1.8%, copper gained 1.5%, and zinc climbed 2.1% intraday. The broad commodity uptrend signals ongoing supply tightness across energy-intensive production chains worldwide.