Symbol: COPPER| Contract: Apr, 2014 | Category: Metal
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Copper's Latest News
Commodities such as copper and rubber have been commonly used for financing in China, but Beijing's tightening of lending in sectors plagued by overcapacity such as steel has made it harder to secure bank loans, spurring financing demand for iron ore...
Net sales of Hindalco were as up 5.85 per cent in December 2013 quarter due to meagre growth of 3.34 per cent in revenues from copper business, which stood at Rs 4,816.71 crore.
Hindustan Copper Ltd (HCL) on Wednesday reported a 9 per cent dip in its net profit at Rs 69 crore for the third quarter that ended in December 2013, mainly on account of increased expenses.
Asia has long been the fastest growing demand region for the raw materials to power economic growth, but has mostly priced the purchases against benchmarks like Brent crude, London Metal Exchange copper or New York cotton.
Higher sales helped state-owned firm Hindustan Copper (HCL) to post a nearly 42 per cent rise in net profit at at Rs 62 crore for the quarter ended September, 2013.
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Copper's Latest Videos
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