Why did metals bounce?

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Why did metals bounce?

1⃣ RBI cuts repo rate by 25 bps

2⃣  Weak INR - makes domestic cos more competitive

3⃣ Overnight ArcelorMittal SA+13%
Commentary was good as they said steel industry is at a cyclical low. Forecasted world ex China ASC to grow by 2.5% to 3.5% vs 2024. They believe that demand wil grow in 2025 vs 2024

4⃣ China Property stocks rallying
Shenzhen gov vowed to bring real estate investment back to growth "as soon as possible"

5⃣  Hope of some protection for domestic steel industry

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