May
17
NEW DELHI: Supported by a pick-up in industrial demand and a firming trend overseas, copper and lead strengthened on the non-ferrous metals market today with prices rising up to Rs 5 per kg. However, nickel traded slightly lower for want of buying support. Marketmen said trading sentiments turned slightly better on the back of pick-up [...]
May
17
Greek political uncertainty rattles nerves * Traders say China exports 110,000 T of refined copper * Coming up: U.S. weekly jobless claims at 1230 GMT By Harpreet Bhal LONDON, May 17 (Reuters) – Copper rebounded on Thursday following hefty losses in the previous session that dragged prices to four-month lows, but gains were fragile as [...]
Apr
16
LME’s plan to ditch sterling recognises need to adapt
April 16, 2012 | Leave a Comment
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/c8aa05f4-87b4-11e1-8a47-00144feab49a.html#ixzz1sFPxszpK Queen Victoria would not have been amused. The London Metal Exchange, established under her reign to [...]
Apr
16
GEPL Capital`s view on bullions, base-metals, energy
April 16, 2012 | Leave a Comment
GEPL Capital has come out with its report on bullions, base-metals and energy updates. Bullions Gold declined for a second day, dropping with equities and other commodities, as renewed concern that Europe’s debt crisis is worsening boosted the dollar. Spot gold lost as much as 0.5 percent to a one-week low of $1,649.32 an ounce, [...]
Apr
16
Copper down 1.13% on weak global cues
April 16, 2012 | Leave a Comment
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 [...]
Sep
26
Sterlite: Weak outlook priced in
September 26, 2011 | Leave a Comment
Even as metal prices weaken, the company’s zinc, lead & silver businesses should provide cushion. With declining base metal prices on the London Metal Exchange (LME), the stock of Sterlite Industries has lagged the broader market since end-July. It has lost almost 32 per cent in the past two months, including 4.5 per cent on [...]
Sep
19
Hindustan Copper sees prices staying high
September 19, 2011 | Leave a Comment
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 [...]
Sep
19
Commodities Fall, Copper Drops to 9-Month Low on Europe Concerns
September 19, 2011 | Leave a Comment
Commodities fell, led by copper’s drop to a nine-month low, on speculation that demand for raw materials will decline as European policymakers prepare to assess whether Greece can meet conditions of a rescue loan. Industrial users of metals and energy and companies that use agriculture commodities to make food may slow purchases, waiting on a [...]
Sep
19
Copper hovers around its year-low
September 19, 2011 | Leave a Comment
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/2a635288-e2a5-11e0-897a-00144feabdc0.html#ixzz1YQ2AxQLZ Commodities markets were hit by European economic growth worries on Monday amid the eurozone’s debt crisis [...]
Sep
11
South Korea buys 2000 tonnes of copper at higher premium
September 11, 2011 | Leave a Comment
Bloomberg reported that South Korea bought 2,000 tonnes of copper cathodes at a higher premium than its purchase in May. Bae Cheol Gyu Agency official said that the Public Procurement Service which stockpiles strategic commodities bought the grade A copper with more than 99.99% of purity from LS Nikko Copper Inc at USD 93 per [...]