Copper Market

Three-month copper on the London Metal Exchange was trading around $7,363 a tonne on Wednesday having declined more than 30% on growing recession fears since scaling a record peak of $10,845 in March

Copper has given up 30% since touching a record peak in March but has largely held in a range between $7,200 and $8,000 since the end of August

Hindustan Copper CMD Arun Kumar Shukla suggested this to the government at a round-table discussion held during the 6th National Conclave on Mines and Minerals

Rising US interest rates have pushed the dollar to its strongest in two decades, making dollar-priced metals costlier for non-US buyers and potentially dampening demand

LUSAKA (Reuters) - Vedanta Resources has challenged Zambia's appointment of a new Provisional Liquidator for Konkola Copper Mines (KCM) following the resignation of the previous office holder.

The firm on Tuesday reported a seven-fold rise in consolidated profit after tax

Power shortages are forcing output cuts from China to Europe

The prolonged closure of its controversial Thoothukudi plant has had an unintended impact on the country's exports of the industrial metal

With the past three days' rally, the market price of HCL appreciated by 58 per cent over its QIP issue price of Rs 119.60 per share

Producers worry that plans to boost mining royalties could stifle investment and make the country less competitive

Company reports higher-than-expected Q3 PAT at Rs 1,877 crore, up 77% YoY

The anticipated economic slump is likely to weaken their prospects

China, Japan, Korea, European Union (EU) are already importing copper concentrate at zero duty

LME copper prices started declining and have remained suppressed ever since the US-China trade war began

India has emerged as an importer of copper ore and concentrates and imports more than 90 per cent of its concentrate requirements due to lack of copper mines in the country

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

Reduced concentrate output globally and heightened demand from Chinese smelters are to adversely affect the supply of feedstock for Indian smelters

Global smelters are negotiating conversion charges which indicate a decline from 2017 levels

Losses are majorly due to non-payment of taxes by the market

Rio Tinto goes Genghis on the copper market