Symbol: COPPER| Contract: Jun, 2016| Category: Metal
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Copper's Latest News
Public sector units (PSUs) such as Nalco and Hindustan Copper Ltd have proposed to invest more than Rs 10,000 crore in the mining sector, Parliament was informed on Wednesday.
Goldman Sachs on Monday said metals, particularly copper and aluminum, are set to underperform oil in the near future on subdued global demand growth and a sluggish Chinese economy.
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.
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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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