On April 23, base metals displayed a mixed trading pattern, influenced by geopolitical tensions related to the US-Iran situation and fluctuating market sentiments. Copper prices on the London Metal Exchange (LME) fell 0.23% to $13,292.50 per tonne after reaching a peak of $13,481.50, the highest in over seven weeks. In contrast, copper on the Shanghai Futures Exchange ended slightly higher, up 0.30%. Aluminium prices declined by 0.30% on the LME and 0.12% on the Shanghai exchange, reflecting concerns over demand due to rising energy costs. Zinc prices varied, dropping 0.69% on the LME but increasing 0.52% in Shanghai, indicating regional demand differences. Domestic futures trading showed aluminium prices rising 0.01% to ₹371.50 per kg, while zinc fell by Re 1 to ₹345.65 per kg. Analysts attribute the ongoing price movements to supply-side pressures and geopolitical disruptions, particularly in the Persian Gulf region, which significantly affects aluminium output. Experts maintain a positive short-term outlook for copper and aluminium, while zinc may stabilize around current levels as demand dynamics evolve.