LME Metal Index, a weighted average of prices of base metals like aluminium, copper, zinc, nickel and others, gives a direction of where metal prices are heading.

Insight- LME Metal Index after slumping on the news of escalated trade war have rebounded recently and we expect it to remain so. Good growth numbers in US and Europe, renewed rural project in China,  Chinese crackdown due to environmental issues and sanctions by US have all elevated the base metal prices. Looks like the corrections in base metal prices have run its own course.