Symbol: COPPER| Contract: Apr, 2015| Category: Metal
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Copper's Latest News
The world's top producer, Chile exported a seven-year high of 5.66 million tonnes of the base metal, used in construction, last year. Total production was 5.78 million tonnes, Cochilco said last week.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this ...
Oil prices rebounded from near six-year lows overnight as traders turned away from bearish bets stoked by a global supply glut to cover expiring options.
In more bad news for commodity investors, analysts are now forecasting a "crash" in metal prices. The grim prediction followed a plunge in prices of copper - a metal seen as a barometer of global growth.
Concerns about the global economy battered commodities and kept Asian equities subdued on Wednesday, while the euro was pinned near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign.
Facing iron ore crunch for the first time in over 100 years of its history, Tata Steel is now operating its 9.7 million tonnes per annum facility in Jamshedpur with raw material bought from domestic sources besides imports.
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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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