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Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Research Associate: Base Metals, Angel One Ltd Copper prices continue to extend weakness, as prices plunged to their lowest point in over two weeks as several factors converged to weigh on the market. A notable surge in copper inventories, soaring by 21% to 133,850 metric tons and reaching levels not seen since October, was a stark reminder of the supply-demand dynamics. Additionally, the robust U.S....
Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
Commodity Quote on Base Metals (Copper) by Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
Source: Angel One Ltd
8/09/2023 3:46:33 PM
Quote on Copper : Copper Gains Momentum Following Recent Dip, Fueled by Chinese Demand and Policy Measures says Mr. Saish Sandeep Sawant Dessai, Angel One Below the "Quote - Copper" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   After experiencing a decline that led to copper prices reaching their lowest point in nearly two months, a glimmer of hope has emerged as the metal embarks on an upward trajectory. Both the LME and MCX copper have rebounded by almost 2 percent from their recent lows, benefiting from several favorable factors. Notably, even Shangh...
Quote on Copper : Copper Gains Momentum Following Recent Dip, Fueled by Chinese Demand and Policy Measures says Mr. Saish Sandeep Sawant Dessai, Angel One
Quote on Copper : Copper Gains Momentum Following Recent Dip, Fueled by Chinese Demand and Policy Measures says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
28/08/2023 4:12:49 PM
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities Hindalco Industries is currently trading at Rs. 463.40, up by 13.20 points or 2.93% from its previous closing of Rs. 450.20 on the BSE. The scrip opened at Rs. 455.00 and has touched a high and low of Rs. 465.30 and Rs. 453.05 respectively. So far 147211 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.00 on 18-Jan-2023 and a 52 week low of Rs. 358.80 on 28-Sep-2022. Last one week high and low of the scrip st...
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities
Hindalco surges on planning to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities
Source: Accord Fintech
23/08/2023 12:00:52 PM
Buy Hindustan Copper Ltd For Target Rs. 174/182 - LKP Securities Future Outlook • The Rs18bn Copper Miner has seen its stock price rise 35% in a month since the street believes it to be a proxy to play the EV Theme. • Rising Copper Prices coupled with hopes of opening up of closed mines at Jharkhand seem to have fuelled the rally since last one month Technical Commentary • A robust breakout has occurred on the daily chart, accompanied by a substantial surge in trading volumes. This breakout suggests potential for further upward m...
Buy Hindustan Copper Ltd For Target Rs. 174/182 - LKP Securities
Buy Hindustan Copper Ltd For Target Rs. 174/182 - LKP Securities
Source: LKP Securities
22/08/2023 3:40:32 PM
Base Metals Outlook : This sentiment was reinforced by a Fed official`s comments on addressing inflation concerns Says Mr. Saish Sandeep Sawant Dessai, Angel One "Quote - Base Metals" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   The weakness witnessed during the start of the week has been extended throughout, as most of the metals are on the verge of ending the week on a lower note, giving up most of the gains from the prior week. The pullback in the prices come on the backdrop of weak Chinese trade and auto sales data, highlighting concerns over demand from the wor...
Base Metals Outlook : This sentiment was reinforced by a Fed official`s comments on addressing inflation concerns Says Mr. Saish Sandeep Sawant Dessai, Angel One
Base Metals Outlook : This sentiment was reinforced by a Fed official`s comments on addressing inflation concerns Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
11/08/2023 4:27:33 PM
Quote on Copper : The weakness observed in the base metals sector appears to have momentarily abated says Mr. Saish Sandeep Sawant Dessai, Angel One Below the "Quote - Copper" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   The weakness observed in the base metals sector appears to have momentarily abated, with metals concluding the recent month of July on a positive note. Furthermore, they closed the most recent week with positive readings. This shift can be attributed to China, the world's second-largest economy and a significant consumer of base...
Quote on Copper : The weakness observed in the base metals sector appears to have momentarily abated says Mr. Saish Sandeep Sawant Dessai, Angel One
Quote on Copper : The weakness observed in the base metals sector appears to have momentarily abated says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
9/08/2023 4:23:55 PM
Weekly Basemetal Update : The prices of base metals were influenced by weak economic data from China, the top metals consumer Says Mr. Saish Sandeep Sawant Dessai, Angel One Below is Weekly Basemetal Report by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   Base Metals Report   Most of the base metals, after ending the previous week on a strong note, relinquished their gains in the following week, with LME Zinc, Aluminium, and Copper experiencing declines. The prices of base metals were influenced by weak economic data from China, the top metals consumer, which raised concerns about de...
Weekly Basemetal Update : The prices of base metals were influenced by weak economic data from China, the top metals consumer Says Mr. Saish Sandeep Sawant Dessai, Angel One
Weekly Basemetal Update : The prices of base metals were influenced by weak economic data from China, the top metals consumer Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
24/07/2023 12:25:09 PM
Indian government may delay Hindustan Zinc share sale - sources The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry's fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said. The government plans to sell its over 29% stake in tranches, starting with the sale of about 5% stake. Vedanta Group holds a 64.9% stake. Hindustan Zinc's s...
Indian government may delay Hindustan Zinc share sale - sources
Indian government may delay Hindustan Zinc share sale - sources
Source: Accord Fintech
19/07/2023 12:07:56 PM
Weekly Basemetal Update : We expect copper to trade higher towards 727 levels, a break of which could prompt the price to move higher to 730 levels Says Mr. Saish Sandeep Sawant Dessai, Angel One Below is Weekly Basemetal Report by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd Base Metals Report Base metals, including copper, faced downward pressure during the week due to a weak global economic growth outlook and sluggish demand from China. Manufacturing data from the United States, Europe, and China indicated a decline in activity, dampening the demand outlook for base metals. However, copper prices found some support from low i...
Weekly Basemetal Update : We expect copper to trade higher towards 727 levels, a break of which could prompt the price to move higher to 730 levels Says Mr. Saish Sandeep Sawant Dessai, Angel One
Weekly Basemetal Update : We expect copper to trade higher towards 727 levels, a break of which could prompt the price to move higher to 730 levels Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
10/07/2023 12:00:02 PM
Base Metals Outlook : Base metal prices declined due to a steady dollar as U.S. Federal Reserve agreed to hold interest rates steady, Says Mr. Saish Sandeep Sawant Dessai, Angel One "Quote - Base Metals" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   With the conclusion of the month of June, we have reached the end of the first half of the year and the April-June quarter. The performance of the base metals pack has been disappointing. Over the past six months, LME Nickel experienced the highest decline, down by 34 percent, while LME Copper was minimally affected, with a marginal decrease ...
Base Metals Outlook : Base metal prices declined due to a steady dollar as U.S. Federal Reserve agreed to hold interest rates steady, Says Mr. Saish Sandeep Sawant Dessai, Angel One
Base Metals Outlook : Base metal prices declined due to a steady dollar as U.S. Federal Reserve agreed to hold interest rates steady, Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
6/07/2023 3:21:45 PM
Base Metals Outlook : Base metals pack is expected to see its first weekly fall in over three weeks, Says Mr. Saish Sandeep Sawant Dessai, Angel One "Quote - Base Metals" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   Following a good run in the previous several weeks, the base metals pack is expected to see its first weekly fall in over three weeks, with Zinc and Aluminium ending lower by about 2% on the LME and MCX, respectively. Copper prices on the LME, on the other hand, fell for the first time in four weeks, as the strength of the dollar play...
Base Metals Outlook : Base metals pack is expected to see its first weekly fall in over three weeks, Says Mr. Saish Sandeep Sawant Dessai, Angel One
Base Metals Outlook : Base metals pack is expected to see its first weekly fall in over three weeks, Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
23/06/2023 4:24:40 PM
Weekly Oulook : Gold, Silver, Crudeoil & Copper By Anuj Gupta, IIFL Securities Last week we observed a negative week for gold and silver. We saw the correction in gold and silver was due to the FOMC's statement on expectation to hike interest rates two times in the year. But at the last trading days of the week the ECB increased the interest rates and we observed a sharp recovery in gold and silver prices and on another hand the dollar index corrected below 5 week's low levels. Last week mcx gold prices corrected by 0.82% and closed at 59352 levels and in the...
Weekly Oulook : Gold, Silver, Crudeoil & Copper By Anuj Gupta, IIFL Securities
Weekly Oulook : Gold, Silver, Crudeoil & Copper By Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd
17/06/2023 6:55:20 PM
``Quote on Copper : Copper bulls are back`` by Tejas Anil Shigrekar, Angel One Ltd Below the Quote on Copper - "Copper bulls are back"  by Tejas Anil Shigrekar, Commodities and Currencies Senior Technical Analyst, Angel One Ltd   Copper, a highly volatile and liquid metal, looks appealing to traders after undergoing a sustained fall over the last month. Copper has stayed sideways to negative over the last month, with 790-810 critical levels. Prices retreated significantly from these higher levels, reaching a low of 692.9...
``Quote on Copper : Copper bulls are back`` by Tejas Anil Shigrekar, Angel One Ltd
``Quote on Copper : Copper bulls are back`` by Tejas Anil Shigrekar, Angel One Ltd
Source: Angel One Ltd
31/05/2023 12:51:27 PM
India's Hindalco Q4 profit drops 37%; sees strong demand ahead India`s Hindalco Industries, one of the country's largest aluminium and copper producers, reported a 37.4% drop in fourth-quarter profit on Wednesday as expenses mounted. Consolidated net profit for the firm, the flagship metals producer of the Aditya Birla Group, fell to 24.11 billion rupees ($294.82 million) in the quarter ended March 31, compared with a profit of 38.51 billion rupees a year ago. Revenue from operations edged up a meagre 0.17% and was outpaced by a 4.6% rise in to...
India's Hindalco Q4 profit drops 37%; sees strong demand ahead
India's Hindalco Q4 profit drops 37%; sees strong demand ahead
Source: Reuters
24/05/2023 5:35:56 PM
Base Metals Outlook : The base metals pack continues to be under a bear grip, as prices continue to move southward Says Mr. Saish Sandeep Sawant Dessai, Angel One "Quote - Copper" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   The base metals pack continues to be under a bear grip, as prices continue to move southward. We are seeing a consistent underperformance in this segment, with metals trading at month lows on the LME and the domestic bourse, MCX.   The prolonged weakness comes against the backdrop of weaker macros, mainly because of the strength of the do...
Base Metals Outlook : The base metals pack continues to be under a bear grip, as prices continue to move southward Says Mr. Saish Sandeep Sawant Dessai, Angel One
Base Metals Outlook : The base metals pack continues to be under a bear grip, as prices continue to move southward Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
23/05/2023 5:45:22 PM
Base Metals Outlook : It appears that the base metals pack is weakening in response to macroeconomic issues Says Mr. Saish Sandeep Sawant Dessai, Angel One "Quote - Copper" by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd It appears that the base metals pack is weakening in response to macroeconomic issues, with most recently being the lackluster Chinese industrial output data, which increased 5.6% year on year in April, up from 3.9% in March but below the consensus of 10.9%. This lower-than-expected industrial production and consistent export growth indicate poor domestic d...
Base Metals Outlook : It appears that the base metals pack is weakening in response to macroeconomic issues Says Mr. Saish Sandeep Sawant Dessai, Angel One
Base Metals Outlook : It appears that the base metals pack is weakening in response to macroeconomic issues Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
19/05/2023 5:14:18 PM
Weekly Basemetal Update : After tumbling to near four-month lows, copper prices rose to one-week highs on Monday Says Mr. Saish Sandeep Sawant Dessai, Angel One Below is Weekly Basemetal Report by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd   Except for LME Copper and LME Zinc, all the other metals ended on a lower note for the week gone by. The week did not begin well for the metals market, however, as copper prices started to retrace from one-week highs as a result of weak industrial activity in the world's largest consumer of metals, China, and uncertainty around US interest rates. ...
Weekly Basemetal Update : After tumbling to near four-month lows, copper prices rose to one-week highs on Monday Says Mr. Saish Sandeep Sawant Dessai, Angel One
Weekly Basemetal Update : After tumbling to near four-month lows, copper prices rose to one-week highs on Monday Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
8/05/2023 11:12:00 AM
Weekly Basemetal Update : After tumbling to near four-month lows, copper prices rose to one-week highs on Monday Says Mr. Saish Sandeep Sawant Dessai, Angel One Below is Weekly Basemetal Report by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd After tumbling to near four-month lows, copper prices rose to one-week highs on Monday. Though trading remained subdued as London and Asia markets remained closed following an extended weekend. Copper prices rose as the ruling Communist Party's top decision-making body promised that it will continue to support the economy, focusing on domestic demand, which r...
Weekly Basemetal Update : After tumbling to near four-month lows, copper prices rose to one-week highs on Monday Says Mr. Saish Sandeep Sawant Dessai, Angel One
Weekly Basemetal Update : After tumbling to near four-month lows, copper prices rose to one-week highs on Monday Says Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
2/05/2023 4:03:58 PM
Vedanta surges as its parent company reduces gross debt by $1 billion Vedanta is currently trading at Rs. 278.20, up by 2.95 points or 1.07% from its previous closing of Rs. 275.25 on the BSE. The scrip opened at Rs. 275.80 and has touched a high and low of Rs. 279.05 and Rs. 275.60 respectively. So far 134701 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 419.55 on 29-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022. Last one week high and low of the scrip stood at Rs. 28...
Vedanta surges as its parent company reduces gross debt by $1 billion
Vedanta surges as its parent company reduces gross debt by $1 billion
Source: Accord Fintech
25/04/2023 12:30:40 PM
Weekly Oulook : Gold, Silver, Crudeoil, Copper, USDINR & NCDEX Castor By Anuj Gupta, IIFL Securities MCX Gold & Silver As expected last week we witnessed a sharp rally in the Gold and Silver prices. MCX Gold prices touched the new record high of 61371 levels and MCX Silver touched the 32 month's high of 77549 levels. However on the last trading day of the week we saw profit booking and MCX Gold prices closed down by 0.28% and closed at 60348 levels. MCX Silver prices closed higher by 1.49% and closed at 75665 levels.  Fundamentally the trend of gold and silver are positive...
Weekly Oulook : Gold, Silver, Crudeoil, Copper, USDINR & NCDEX Castor By Anuj Gupta, IIFL Securities
Weekly Oulook : Gold, Silver, Crudeoil, Copper, USDINR & NCDEX Castor By Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd.
16/04/2023 10:57:49 AM
Gold trading range for the day is 59626-60636 - Kedia Advisory Gold Gold yesterday settled down by -0.74% at 60063 as the dollar gained some ground after the US non-farm payrolls report pointed to a tight labor market and supported bets for another interest rate hike from the Federal Reserve in May. Data released showed that US non-farm payrolls increased by 236,000 jobs in March, coming in close to expectations of 239,000. The unemployment rate also fell to 3.5% despite forecasts that it would hold at 3.6%. Markets are now pricing in a 66% chance tha...
Gold trading range for the day is 59626-60636 - Kedia Advisory
Gold trading range for the day is 59626-60636 - Kedia Advisory
Source: Kedia Advisory
11/04/2023 9:12:41 AM
Weekly Oulook : Gold, Silver, Crudeoil, Copper, USDINR & NCDEX Jeera By Anuj Gupta, IIFL Securities Last week as expected we saw that gold and silver increased sharply. MCX Gold increased by 1.93% and closed at 60515 levels and made a new high of 61181 levels. MCX Silver also increased sharply by 3.25% and closed at 74554 levels. The trend of Gold and Silver are positive and we are expecting the same trend ahead. Technically Gold has a strong support at 60000 / 59500 ($2000 / $1970) levels while resistance at 61000 / 61500 ($2050 / $2075) levels. Silver has a strong support at 73000 / 7100...
Weekly Oulook : Gold, Silver, Crudeoil, Copper, USDINR & NCDEX Jeera By Anuj Gupta, IIFL Securities
Weekly Oulook : Gold, Silver, Crudeoil, Copper, USDINR & NCDEX Jeera By Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd
10/04/2023 10:16:55 AM
Weekly Oulook : Weekly Outlook Gold / Silver / Crude Oil / Copper / USDINR / NCDEX GUARSEED By Anuj Gupta, IIFL Securities Below are Views on Weekly Oulook - Weekly Outlook Gold / Silver / Crudeoil / Copper / USDINR / Turmeric By Mr. Anuj Gupta, Vice President, IIFL Securities As expected, last week MCX Gold prices increased from the lower levels and closed 0.71% high at 56130 levels. In the international market it increased by 0.60% and closed at $1867 levels. But on the other side MCX silver prices corrected sharply by 2.42% and closed at 62851 levels. In the international market it corrected sharp...
Weekly Oulook : Weekly Outlook Gold / Silver / Crude Oil / Copper / USDINR / NCDEX GUARSEED By Anuj Gupta, IIFL Securities
Weekly Oulook : Weekly Outlook Gold / Silver / Crude Oil / Copper / USDINR / NCDEX GUARSEED By Anuj Gupta, IIFL Securities
Source: IIFL securities Ltd
12/03/2023 4:47:52 PM
Weekly Oulook : Weekly Outlook Gold / Silver / Crudeoil / Copper / USDINR / Turmeric By Anuj Gupta, IIFL Securities Below are Views on Weekly Oulook - Weekly Outlook Gold / Silver / Crudeoil / Copper / USDINR / Turmeric By Mr. Anuj Gupta, Vice President, IIFL Securities Gold / Silver Last week, gold prices recovered from the oversold zone and closed on a positive note.  MCX Gold prices increased sharply by 0.54% and closed at 55737 levels, and in the international market it increased by 2.08% and closed at $1848 levels. However we saw a negative closing in the MCX Silver. It closed do...
Weekly Oulook : Weekly Outlook Gold / Silver / Crudeoil / Copper / USDINR / Turmeric By Anuj Gupta, IIFL Securities
Weekly Oulook : Weekly Outlook Gold / Silver / Crudeoil / Copper / USDINR / Turmeric By Anuj Gupta, IIFL Securities
Source: IIFL securities Ltd
5/03/2023 3:34:34 PM
Weekly Oulook : Gold, Silver, Crude Oil, Copper ,USDINR & Guarseed By Anuj Gupta, IIFL Securities Below are Views on Weekly Oulook - Gold, Silver, Crude Oil, copper ,USDINR & Guarseed By Mr. Anuj Gupta, Vice President, IIFL Securities Last we gold and silver prices corrected sharply.  Last week mcx gold almost 1% and  closed at 55416 levels. In international market it corrected by almost 1% and closed at $1818 levels. international market gold  Silver prices was corrected more than 3% and closed at 63450 levels. In international market Silver breached the s...
Weekly Oulook : Gold, Silver, Crude Oil, Copper ,USDINR & Guarseed By Anuj Gupta, IIFL Securities
Weekly Oulook : Gold, Silver, Crude Oil, Copper ,USDINR & Guarseed By Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd
26/02/2023 10:48:55 AM
Import of low quality copper scrap at lower price causing adverse impact on quality of end-products: FIMI Federation of Indian Mineral Industries (FIMI) has said that the import of low quality copper scrap at lower price is causing adverse impact on the quality of end-products which are used in critical applications like housing, wire and coil applications which are prone to fire hazards due to lower conductivity and high resistance of such scrap-made copper wires. The statement came after finance minister Nirmala Sitharaman in her Budget speech announced that the concessional basic customs du...
Import of low quality copper scrap at lower price causing adverse impact on quality of end-products: FIMI
Import of low quality copper scrap at lower price causing adverse impact on quality of end-products: FIMI
Source: Accord Fintech
3/02/2023 12:36:17 PM
Weekly Oulook : Gold, Silver, Crude Oil & Copper By Anuj Gupta, IIFL Securities Below are Views on Weekly Oulook - Gold, Silver, Crude Oil & Copper By Mr. Anuj Gupta, Vice President, IIFL Securities As expected, last week gold prices increased sharply by 0.54% and made a lifetime high of 56,850 levels and closed at 56,674 levels. In the international market it test the 9 months high level of $1937 levels. However we saw corrections in silver prices. Silver prices corrected by 1.19% and closed at 68594 levels. In the international market silver prices cor...
Weekly Oulook : Gold, Silver, Crude Oil & Copper By Anuj Gupta, IIFL Securities
Weekly Oulook : Gold, Silver, Crude Oil & Copper By Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd
22/01/2023 9:57:42 AM
India eyes overseas copper, lithium mines to meet domestic shortfall NEW DELHI  - India is exploring ways to secure supplies of metals such as copper and lithium from some of the world's top producers by acquiring overseas mines, as part of efforts to meet rising domestic demand, government sources said. To start with, India has identified one copper and two lithium mines in resource-rich Argentina to either acquire or secure long-term leases, the sources said. The sources, with direct knowledge of the matter, did not wish to be identified, citing ...
India eyes overseas copper, lithium mines to meet domestic shortfall
India eyes overseas copper, lithium mines to meet domestic shortfall
Source: Reuters
11/01/2023 5:00:33 PM
Hindustan Copper jumps on inking MoU with IIT (ISM) Hindustan Copper is currently trading at Rs. 116.15, up by 1.60 points or 1.40% from its previous closing of Rs. 114.55 on the BSE. The scrip opened at Rs. 114.90 and has touched a high and low of Rs. 116.70 and Rs. 114.30 respectively. So far 155719 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 146.35 on 10-Feb-2022 and a 52 week low of Rs. 81.20 on 20-Jun-2022. Last one week high and low of the scrip stood a...
Hindustan Copper jumps on inking MoU with IIT (ISM)
Hindustan Copper jumps on inking MoU with IIT (ISM)
Source: Accord Fintech
5/01/2023 12:43:59 PM
Copper futures gain on higher demand Copper prices on Tuesday rose by 0.42 per cent to Rs 727.10 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in December traded higher by Rs 3.05 or 0.42 per cent at Rs 727.10 per kg in a business turnover of 4,410 lots. Analysts attributed the rise in copper prices to raising of bets by participants.
Copper futures gain on higher demand
Copper futures gain on higher demand
Source: Dion Global Solutions Ltd
28/12/2022 10:22:18 AM
`Coming flood of demand from energy transition will cause copper prices to rise again` Copper prices have fallen about 20 per cent from their high point this year. That reflects the metal's oft-noted role as "Dr. Copper" - its price as a predictor of economic slowdowns and recessions, Daniel Yergin, Vice Chairman of S&P Global said in a note. And indeed, the IMF sees a sharp slowdown in global growth in 2022 and projects further slowing in 2023 and potential recession - as do many other forecasters. But, post-recession, the coming flood of demand from the ...
`Coming flood of demand from energy transition will cause copper prices to rise again`
`Coming flood of demand from energy transition will cause copper prices to rise again`
Source: IANS
16/12/2022 10:23:33 AM
Indian mining body seeks higher import tax on aluminium, zinc, copper products India's top mining industry body has sought higher import taxes on a slew of metals such as zinc, copper and aluminium to help halt the tide of cheaper imports, especially from China, according to a note sent to the government and seen by Reuters. The government should raise import taxes to 10%-15% on several aluminium products, including scrap to 10% from 2.5%, the Federation of Indian Mineral Industries (FIMI) said in the note addressed to India's Ministry of Finance. India...
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Source: Reuters
11/11/2022 4:07:51 PM
Hindustan Copper gains on executing expansion projects to ramp up production capacity of mines Hindustan Copper is currently trading at Rs. 102.50, up by 1.85 points or 1.84% from its previous closing of Rs. 100.65 on the BSE. The scrip opened at Rs. 104.10 and has touched a high and low of Rs. 104.40 and Rs. 101.40 respectively. So far 303537 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 159.30 on 19-Oct-2021 and a 52 week low of Rs. 81.20 on 20-Jun-2022. Last one week high and low of the scrip stood a...
Hindustan Copper gains on executing expansion projects to ramp up production capacity of mines
Hindustan Copper gains on executing expansion projects to ramp up production capacity of mines
Source: Accord Fintech
29/09/2022 3:37:12 PM
Vedanta trades higher on the BSE Vedanta is currently trading at Rs. 293.75, up by 16.10 points or 5.80% from its previous closing of Rs. 277.65 on the BSE. The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 298.35 and Rs. 272.35 respectively. So far 2273642 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022. Last one week high and low of the scrip stood at Rs. ...
Vedanta trades higher on the BSE
Vedanta trades higher on the BSE
Source: Accord Fintech
14/09/2022 1:17:07 PM
Vedanta trades in green on the BSE Vedanta is currently trading at Rs. 278.30, up by 8.05 points or 2.98% from its previous closing of Rs. 270.25 on the BSE. The scrip opened at Rs. 275.30 and has touched a high and low of Rs. 279.55 and Rs. 272.60 respectively. So far 643986 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022. Last one week high and low of the scrip stood at Rs. 27...
Vedanta trades in green on the BSE
Vedanta trades in green on the BSE
Source: Accord Fintech
13/09/2022 3:56:39 PM
Hindalco Industries rises on the bourses Hindalco Industries is currently trading at Rs. 433.00, up by 4.20 points or 0.98% from its previous closing of Rs. 428.80 on the BSE. The scrip opened at Rs. 431.90 and has touched a high and low of Rs. 436.80 and Rs. 430.00 respectively. So far 107955 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 636.00 on 29-Mar-2022 and a 52 week low of Rs. 309.00 on 20-Jun-2022. Last one week high and low of the scrip sto...
Hindalco Industries rises on the bourses
Hindalco Industries rises on the bourses
Source: Accord Fintech
25/08/2022 5:31:17 PM
Copper futures gain on robust demand Copper prices on Wednesday increased by 0.78 percent to Rs 634.45 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in July traded higher by Rs 4.90 or 0.78 percent at Rs 634.45 per kg in a business turnover of 505 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.
Copper futures gain on robust demand
Copper futures gain on robust demand
Source: Dion Global Solutions Ltd
28/07/2022 11:54:03 AM
Copper heads for its biggest quarterly plunge since 2011 Copper prices fell on Thursday and were down almost 20% in the second quarter, the biggest quarterly fall since 2011, after COVID lockdowns in China and slowing economic growth curtailed demand. Other industrial metals were also headed for their biggest quarterly fall in several years, down between 20% and 40%. Many analysts fear further declines in the near term, as central banks push ahead with rapid interest rate rises that will stifle growth. "We still see metals falling as ...
Copper heads for its biggest quarterly plunge since 2011
Copper heads for its biggest quarterly plunge since 2011
Source: Reuters
30/06/2022 5:10:37 PM
Commodity Outlook : Copper prices have fallen to 16-month lows of $8122.50/tonne by Mr. Saish Sandeep Sawant Dessai, Angel One Below is Quote on Copper by Mr. Saish Sandeep Sawant Dessai, Research Associate- Base Metals, Angel One Ltd On the LME, copper prices have fallen to 16-month lows of $8122.50/tonne in recent weeks, while on the MCX, prices have corrected to 9-month lows of 685.30/kg. The reddish gold metal has performed worse than its rivals so far in 2022, falling about 14% YTD. Prolonged Covid-19 lockdowns in China, the world's largest consumer of metals, central banks around the ...
Commodity Outlook : Copper prices have fallen to 16-month lows of $8122.50/tonne by Mr. Saish Sandeep Sawant Dessai, Angel One
Commodity Outlook : Copper prices have fallen to 16-month lows of $8122.50/tonne by Mr. Saish Sandeep Sawant Dessai, Angel One
Source: Angel One Ltd
28/06/2022 5:23:18 PM
Sterlite Copper launches coffee table book highlighting role of copper in the modern world Highlighting the importance of copper and its contribution to the modern world, Sterlite Copper launched a coffee table book, showcasing its origin and its definitive role in shaping the modern world, at the SICCI CXO Conclave, held in Chennai. Unveiled by Mayur Karmakar, MD, International Copper Association, India, with Ms. A. Sumathi, Chief Operating Officer, Sterlite Copper, the 70-page book comes with an interesting title "Hi I'M COPPER". The book traverses the entire ...
Sterlite Copper launches coffee table book highlighting role of copper in the modern world
Sterlite Copper launches coffee table book highlighting role of copper in the modern world
Source: IANS
21/05/2022 4:49:15 PM
Outlook on Copper by Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Due to poor demand and rising inventories at the London Metal Exchange, copper's upside is limited. LME 3 M Copper is now trading near $10313 per mt , stimulus hope in china and supply concern in Peru and Chile are keeping prices firm however, China lockdown concerns, rising stocks are keeping a cap on prices. Copper prices are under...
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
21/04/2022 3:42:21 PM
Non-ferrous metals are on a high, mayhem in markets to continue The Russian-Ukrainian crisis is expected to keep non-ferrous metal prices high in the near future. The crisis has triggered shortages of these industrial metals which in turn have led to massive spike in their prices. Till now, international prices of aluminium, copper, lead, nickel, tin, titanium and zinc have increased exponentially. At present, aluminium is trading at Rs 284 per kg. The price had risen to Rs 320 per kg but retreated thereafter. Similarly, nickel prices are on a...
Non-ferrous metals are on a high, mayhem in markets to continue
Non-ferrous metals are on a high, mayhem in markets to continue
Source: IANS
13/03/2022 12:08:47 PM
Outlook on Copper by Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Copper supply concern to keep prices firm in short term LME 3 month copper prices are now trading at $9792 per metric tonne, down 0.52 percent from the previous close but still higher than last week's low of $9458 per metric tonne. As of 3 February, copper stockpiles in LME-approved warehouses were at 82400 tonnes, down almost 65 percent...
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
4/02/2022 11:15:43 AM
Vedanta inches up on procuring 2 billion units of renewable energy for aluminium smelter Vedanta is currently trading at Rs. 341.85, up by 2.25 points or 0.66% from its previous closing of Rs. 339.60 on the BSE. The scrip opened at Rs. 340.70 and has touched a high and low of Rs. 343.15 and Rs. 338.90 respectively. So far 57479 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385.75 on 19-Oct-2021 and a 52 week low of Rs. 160.20 on 28-Jan-2021. Last one week high and low of the scrip stood at Rs. 344...
Vedanta inches up on procuring 2 billion units of renewable energy for aluminium smelter
Vedanta inches up on procuring 2 billion units of renewable energy for aluminium smelter
Source: Accord Fintech
14/01/2022 10:54:03 AM
Indonesia plans to stop exporting bauxite, copper ores  Indonesia plans to stop the exports of bauxite ore in 2022 and copper ore in 2023 as an attempt to boost investments in the downstream sector and exports of higher value semi-finished or finished products, Indonesian President Joko Widodo has said. Bauxite ore is the main material for aluminum, while copper concentrates are widely used in the production of precious metals such as gold and silver. Indonesia is a big exporter of these metals. The country mainly exports the two miner...
Indonesia plans to stop exporting bauxite, copper ores
Indonesia plans to stop exporting bauxite, copper ores
Source: IANS
11/01/2022 9:18:22 AM
Global central bank policy initiatives are likely to support copper prices By Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Global central bank policy initiatives are likely to support copper prices.  LME 3 M Copper prices are now trading at $9532 per mt , prices are marginally up in last two session after recent drop. Copper prices are gaining traction following China's commitment to focus on economic stability if global economic development is harmed by a n...
Global central bank policy initiatives are likely to support copper prices By Mr. Mahesh Kumar, Abans Group
Global central bank policy initiatives are likely to support copper prices By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
13/12/2021 3:11:18 PM
Outlook on Copper by Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Lower growth forecast to keep copper prices under pressure :  LME 3 M Copper prices are currently at $9108 per metric tonne, down slightly from their previous close. Prices, on the other hand, are currently trading lower from the monthly low and high's midpoint. It's down from the month's high of $9755 per mt on September 13th...
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
30/09/2021 2:20:17 PM
Quote on Copper By Mr. Yash Sawant, Angel Broking Ltd Below is quote on Copper By Mr. Yash Sawant, Research Associate, Angel Broking Ltd Supply worries for industrial metals Supply worries for Copper persist despite the tentative deal between the operator BHP and the workers union at the Escondida mine situated in Chile earlier this week, as labourers at two Chilean mines go on strike. The recent deal between the workers and BHP following government mediation took some pressure of the tight Copper market. Howeve...
Quote on Copper By Mr. Yash Sawant, Angel Broking Ltd
Quote on Copper By Mr. Yash Sawant, Angel Broking Ltd
Source: Angel Broking Ltd
13/08/2021 5:40:17 PM