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Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory Precious and industrial metals faced a decline, driven by a strengthening U.S. dollar and concerns about global economic weakness. Silver dipped to its lowest in a month, pressured by a robust dollar and weak Chinese stimulus measures. Copper hit a two-month low amid underwhelming Chinese economic data and a tepid debt package. Gold fell to nearly a two-month low as reduced demand for safe-haven assets and strong dollar gains weighed on the market. Meanwhile, WTI crude oil and platinum also e...
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:35:16 pm
India's Hindalco misses first-quarter profit estimates on higher expenses India's Hindalco on Tuesday reported first-quarter profit below estimates, hurt by a jump in expenses tied to disruptions at its Novelis unit's Switzerland plant. Consolidated net profit for the Aditya Birla Group-owned company surged 25% to 30.74 billion rupees (about $366 million). Analysts, on average, expected a profit of 36.71 billion rupees, according to LSEG data. Novelis, which accounts for more than 60% of the firm's overall revenue, incurred a net cash impact of $8...
India's Hindalco misses first-quarter profit estimates on higher expenses
India's Hindalco misses first-quarter profit estimates on higher expenses
Source: Reuters
2024-08-13 03:16:38 pm
Copper Prices Retreat as Rising Inventories and Weak Chinese Demand Dampen Bullish Momentum, Funds Slash Long Positions By Amit Gupta , Kedia Advisory Copper prices have recently declined from their May peak of $1,104.50 per metric ton to around $9,000, driven by rising inventories and weaker-than-expected demand from China. The initial bullish outlook, which anticipated supply shortages and strong demand from green energy initiatives, has been dampened by high copper stocks in China and substantial exports to LME warehouses. As a result, funds have significantly reduced their long positions on both CME and LME contracts. On the CME, long p...
Copper Prices Retreat as Rising Inventories and Weak Chinese Demand Dampen Bullish Momentum, Funds Slash Long Positions By Amit Gupta , Kedia Advisory
Copper Prices Retreat as Rising Inventories and Weak Chinese Demand Dampen Bullish Momentum, Funds Slash Long Positions By Amit Gupta , Kedia Advisory
Source: Kedia Advisory
2024-08-05 12:59:30 pm
Indonesia to extend online tracking system to copper, gold and bauxite Indonesia is planning to broaden its mineral and coal online tracking system, known as Simbara, to include several commodities, including copper, gold and bauxite, said the country's Minister for Energy and Mineral Resources Arifin Tasrif.  He mentioned the plan after the government officially broadened its Simbara to encompass nickel and tin commodities on Monday, Xinhua news agency reported. "Next, we will finish several other commodities, including copper, gold, bauxite...
Indonesia to extend online tracking system to copper, gold and bauxite
Indonesia to extend online tracking system to copper, gold and bauxite
Source: IANS
2024-07-23 04:10:20 pm
Adani`s $1.2 billion copper smelter to import concentrates from Peru, Chile, Australia Indian billionaire Gautam Adani's group will source copper concentrates from Peru, Chile and Australia to kick-start its $1.2 billion copper smelter, the world's biggest single-location plant of its type, a top company official said. Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, expects to start its operations in the next few weeks. The plant, based in the western city of Mundra in Gujarat state, will have an initial capacity of 500,000 metric tons, and the comp...
Adani`s $1.2 billion copper smelter to import concentrates from Peru, Chile, Australia
Adani`s $1.2 billion copper smelter to import concentrates from Peru, Chile, Australia
Source: Reuters
2024-03-01 09:23:00 am
Sell COPPER - Feb @ 716, Sell up to 718, for the Targets of 700-682, with SL @ 726.10 - Choice Broking Ltd Copper future has been traded in negative momentum in last four-consecutive sessions and likely to continue in same pace. MCX Copper Feb-contract has settled at 715.95 in previous sessions and on the other side, CMX Copper future is at $3.80. Copper price has shown a support breakthrough on an Ascending broadening pattern on a daily chart, and it is trading below all of the major averages, particularly 50, 100, and 200-DMA levels at 72110, 720.60, and 722.40 respectively. Along with this, we...
Sell COPPER - Feb @ 716, Sell up to 718, for the Targets of 700-682, with SL @ 726.10 - Choice Broking Ltd
Sell COPPER - Feb @ 716, Sell up to 718, for the Targets of 700-682, with SL @ 726.10 - Choice Broking Ltd
Source: Choice Broking
2024-02-06 11:21:10 am
Buy COPPER -Nov @707.5 add in dips till 704. Tgt 724.5-734 with SL 697.5 By Choice Broking Copper is currently stabilizing at the support area after a major reversal from the resistance region, and it appears that the price will reverse Copper has slipped from the falling trendline and is now settling at the horizontal support if we hold $3.55 levels, we can expect an increase to $3,80.On the Daily chart, Copper futures are moving in a Descending Triangle pattern, with a Horizontal line providing support. Price has just approached this horizontal line, and a rebound off of it might...
Buy COPPER -Nov @707.5 add in dips till 704. Tgt 724.5-734 with SL 697.5 By Choice Broking
Buy COPPER -Nov @707.5 add in dips till 704. Tgt 724.5-734 with SL 697.5 By Choice Broking
Source: Choice Broking
2023-10-18 06:03:37 pm
Quote on Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda, Choice Broking Below The Quote On Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda Commodity & Currency Analyst, Choice BrokingCOPPER:Copper has traded negatively over the course of the week, posted a weekly decline of more than 1%, and managed to close at 698.15. Copper price has ticked higher slightly in intraday however worries about the prospect were for a long period of high interest rates and weak global economic growth. Chinese data showed exports declined less than expecte...
Quote on Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda, Choice Broking
Quote on Copper, Gold Silver, Crude Oil and Natural Gas By Aamir Makda, Choice Broking
Source: Choice Broking
2023-10-17 11:34:49 am
Vedanta rises on incorporating wholly owned subsidiary The scrip is currently trading at Rs. 228.75, up by 2.60 points or 1.11% from its previous closing of Rs. 226.15 on the BSE.The scrip opened at Rs. 225.25 and has touched a high and low of Rs. 229.35 and Rs. 224.85 respectively. So far 151037 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 207.85 on 28-Sep-2023.Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 217.2...
Vedanta rises on incorporating wholly owned subsidiary
Vedanta rises on incorporating wholly owned subsidiary
Source: Accord Fintech
2023-10-13 12:47:06 pm
Vedanta zooms on incorporating wholly owned subsidiary Vedanta is currently trading at Rs. 228.25, up by 6.10 points or 2.75% from its previous closing of Rs. 222.15 on the BSE.The scrip opened at Rs. 222.15 and has touched a high and low of Rs. 229.90 and Rs. 222.15 respectively. So far 804545 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 207.85 on 28-Sep-2023.Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 217.20 ...
Vedanta zooms on incorporating wholly owned subsidiary
Vedanta zooms on incorporating wholly owned subsidiary
Source: Accord Fintech
2023-10-11 02:33:04 pm
Copper`s Rollercoaster Ride: Understanding the Factors at Play by Amit Gupta, Kedia Advisory Copper, a vital industrial metal, is experiencing a significant drop in its price due to multiple challenges in the global market. This article explores how copper's price movements reflect its extensive economic impact across borders. It delves into factors such as the closure of Chinese markets during the Golden Week holidays, hawkish signals from the Federal Reserve, weak manufacturing data in major economies, and developments in the Evergrande Group, a prominent Chinese real estate develo...
Copper`s Rollercoaster Ride: Understanding the Factors at Play by Amit Gupta, Kedia Advisory
Copper`s Rollercoaster Ride: Understanding the Factors at Play by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2023-10-09 05:47:02 pm
Weekly commodity outlook - Copper, Gold, Silver, Crude Oil and Natural Gas By Choice Broking COPPERCopper prices rose beyond $8,000 in London on Friday evening as the dollar fell, bringing the metal's weekly loss to 2.6%. The final MCX Copper price was 706. The three-month copper contract on the LME finished at $8,044 per metric ton. Markets in China's largest metals consumer will return on Monday following a week-long public holiday, while metals consumers, manufacturers, dealers, and brokers will meet in London for LME Week next week. Copper, which is used in power and buildi...
Weekly commodity outlook - Copper, Gold, Silver, Crude Oil and Natural Gas By Choice Broking
Weekly commodity outlook - Copper, Gold, Silver, Crude Oil and Natural Gas By Choice Broking
Source: Choice Broking
2023-10-07 05:05:36 pm
Weekly commodity outlook By Aamir Makda, Choice Broking Below the Weekly commodity outlook By Aamir Makda, Currency & Commodity analyst, Choice Broking.COPPER:Copper prices were on course for a weekly loss on Friday due to a strong dollar, large stockpiles, and reduced risk appetite following the announcement by the US Federal Reserve that monetary policy will stay tight for an extended period of time. The final price for MCX Copper stood at 714. At the London Metal Exchange (LME), the three-month copper closed at $8,222 per met...
Weekly commodity outlook By Aamir Makda, Choice Broking
Weekly commodity outlook By Aamir Makda, Choice Broking
Source: Choice Broking
2023-09-25 02:52:43 pm
Quote on Commodity Copper : Copper prices on Monday surged by nearly 2 percent on the LME and on the MCX By Mr. Saish Sandeep Sawant Dessai, Angel One Ltd Below the "Quote: Commodity (Copper)" by Mr. Saish Sandeep Sawant Dessai, Research Associate: Base Metals, Angel One LtdCopper prices on Monday surged by nearly 2 percent on the LME and on the MCX. The up-move comes on the back of multiple factors, including a strengthened Chinese currency, a weaker U.S. dollar, and encouraging loan data from China.The declining U.S. dollar made dollar-denominated commodities more attractive to other currency holders, potentially...
Quote on Commodity Copper : Copper prices on Monday surged by nearly 2 percent on the LME and on the MCX By Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
Quote on Commodity Copper : Copper prices on Monday surged by nearly 2 percent on the LME and on the MCX By Mr. Saish Sandeep Sawant Dessai, Angel One Ltd
Source: Angel One Ltd
2023-09-12 04:22:47pm
Hindalco Industries gains as its arm signs new anchor customer contract with Ball Corporation Hindalco Industries is currently trading at Rs. 486.70, up by 2.10 points or 0.43% from its previous closing of Rs. 484.60 on the BSE.The scrip opened at Rs. 490.00 and has touched a high and low of Rs. 490.90 and Rs. 484.85 respectively. So far 28004 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 stood at Rs. 490.90 and ...
Hindalco Industries gains as its arm signs new anchor customer contract with Ball Corporation
Hindalco Industries gains as its arm signs new anchor customer contract with Ball Corporation
Source: Accord Fintech
2023-09-12 09:53:40am