Symbol: COPPER| Contract: Feb, 2016| Category: Metal
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Copper's Latest News
Chinese shares slumped 5 percent on Friday, hit by regulatory and industrial sector worries, though it wasn't enough to derail the first weekly rise for metals like copper and zinc since early October.
Gold prices, under severe pressure along with other commodities such as silver, platinum, crude oil, copper and steel, traded near six-year lows amid a glut and sluggish demand. The slump in gold prices has been driven by a stronger dollar, analysts say.
World shares headed for their best week in over a month on Friday, though alarm bells over global growth were ringing in metals markets as copper hovered at its lowest level since 2009 and nickel since 2003.
Hindalco Industries reported a 31 per cent growth in its standalone net profit for the September quarter. The net profit of the aluminium and copper producer increased to Rs 103 crore as compared to Rs 78 crore in the corresponding period a year ago.
Total income from operations dipped by 8 per cent to Rs 203.08 crore during the quarter as against Rs 220.80 crore in the year-ago period.
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Copper's Latest Videos
V-Guard Lowers Margin Outlook
Copper division has performed well: Hindalco on quarterly results
Pressure in gold to continue: Kotak Commodities Services
Sell gold for a target of Rs 26,100: Geojit Comtrade
Gold prices can correct further: Motilal Oswal
Copper continues to look weak: Kotak Commodities
Gold prices not likely to go far on the upside: Chirag Kabani
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