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 [...]
Aug
30
Copper futures rise on global cues, spot demand
August 30, 2011 | Leave a Comment
Copper strengthened by 0.87% to Rs 418.10 per kg in futures trade today as speculators indulged in building up fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, August copper rose by Rs 3.60, or 0.87%, to Rs 418.10 per kg, with a business turnover of 4,953 lots. Click here to [...]
Aug
30
METALS-Copper rises on consumer spending, strike
August 30, 2011 | Leave a Comment
* U.S. July consumer spending growth at 5-month highs * Strike threat looms at Grasberg copper mine * Coming Up: U.S. consumer confidence 1400 GMT, FOMC minutes 1800 By Susan Thomas LONDON, Aug 30 (Reuters) – Copper rose on Tuesday, helped by data that showed U.S. consumers were willing to spend, especially on cars, suggesting [...]
Aug
9
Copper continues downward trend
August 9, 2011 | Leave a Comment
London: Copper fell for a fourth day in London yesterday, on course for the biggest monthly drop since December 2008, as commodities and equities slid after Standard & Poor’s cut the US credit rating. Tin reached an 11-month low. Zinc and crude oil paced declines as the S&P GSCI Spot Index of raw materials retreated [...]
Aug
5
MCX Copper remains lower in unison with LME
August 5, 2011 | Leave a Comment
MUMBAI (Commodity Online): Copper futures in India declined in unison with weak London Metal Exchange. Meanwhile, copper for three-month delivery fell 1.3% to $9,230.25 a tonne on the London Metal Exchange. At MCX Copper August contract is currently trading at Rs.413.50 per Kg, lower by 1.38 against the previous close. In the earlier session the [...]
Jul
14
Indian copper futures up on global cues
July 14, 2011 | Leave a Comment
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 [...]