Tracking weak trends in the global markets, copper prices shed Rs 4.75 to Rs 414.95 per kg in futures trade today, as speculators offloaded their positions. On the MCX, copper for delivery in June lost Rs 4.75, or 1.13%, to Rs 414.95 per kg in business turnover of 3,547 lots. The April contract moved down [...]

Let’s forget about Greece for the moment. Or even the US for that matter. What else is going wrong in the global economy that’s causing global markets to head southwards so sharply? The S&P 500 is down almost 10% for the year. But, the BSE-Sensex is down over 20% year to date (YTD). China and [...]

Hindustan Copper Ltd, the only miner of the metal in India, feels that copper is set to continue in comfortable zone for some more years despite fears of global recession keeping prices volatile for sometime. “Globally, price of copper is expected to remain high in the next 3-4 years. The present scenario is highly favourable [...]

Reuters reported that First Quantum Minerals is close to securing about USD 1 billion in financing to expand its Zambian copper operations. The miner has an 80% stake in the Kansanshi mine in Zambia and also produces copper and gold from the Guelb Moghrein mine in Mauritania. Kansanshi produced about 230,000 tonnes of copper and [...]

ET reported that Indian copper prices rose by INR 1.25 to INR 434.25 per kilogram in futures trade as speculators enlarged their positions on the back of a firming global trend. Trading sentiment turned better after demand for copper in China, the world’s biggest user, rose by 8% this year, depleting global supplies and boosting [...]

Yesterday’s trade saw gold futures shoot up while copper trade range-bound. Here is what experts have to say about the two commodities: Copper Suresh Nair of Admisi Commodities expects copper prices on the LME to test USD 10,000 plus. In the domestic market, he recommends buying on dips in the MCX August copper in the [...]

Yesterday’s trade saw gold futures shoot up while copper trade range-bound. Here is what experts have to say about the two commodities: Copper Suresh Nair of Admisi Commodities expects copper prices on the LME to test USD 10,000 plus. In the domestic market, he recommends buying on dips in the MCX August copper in the [...]

SANTIAGO (Dow Jones)–Chile’s peso ended mildly stronger versus the dollar Tuesday as international copper prices regained some lost ground, although continued worries about euro zone debt contagion kept the local currency from gaining further. The peso ended at CLP466.90 to the dollar, versus Monday’s close of CLP467.20, while trading in a range of CLP466.60 to [...]

NEW DELHI: In range-bound trading, copper futures edged higher by 0.10 per cent today largely in line with a better trend at the spot markets on pick-up in demand. However, copper’s weakness at the London Metal Exchange, restricted gains. At the Multi Commodity Exchange, copper for delivery in August moved up by 45 paise, or [...]

COPPER prices fell on Friday after data showed US jobs growth braked sharply in June, quashing hopes that the pace of the world’s largest economy was quickening, but disruptions to supply of the metal helped limit losses. According to Reuters, the Benchmark copper on the London Metal Exchange (LME) closed at US$9,661 compared with $9,740 [...]

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