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CHINESE SMELTER CUTS
Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in ...- Commodity Radar: Rupee’s record lows raise copper appeal on MCX. Time to buy red metals on dipsCopper hovered near record highs on MCX as the rupee’s fall past 90 boosted domestic prices. Despite profit-booking in global markets, supp...
- Copper smelters warn of closures as crunch talks get underwayCopper smelters face potential closures as processing fees plummet, driven by overcapacity and fierce competition for ore.
- Shanghai exchange sets trading limits on gold, copper futures as prices rallyThe Shanghai Futures Exchange (SHFE) will impose trading limits on its gold and copper contracts, it said on Wednesday, following sharp pri...
- Copper rises on US stimulus hopes, supply worriesThe most-traded copper contract on the Shanghai Futures Exchange (SHFE) rose 1.7 per cent to 38,800 yuan ($5,504.72) a tonne.
- Earnings, profit margins likely to remain subdued for VedantaVedanta’s earnings and profit margins are likely to remain subdued in the coming quarters as well.
- Lower aluminium prices not really sustainable in the long run: S K Roongta"China will continue to be the major driver of aluminium demand across the globe."
- Why the biggest metals rally of the year may have further to runAluminum trades at $2,158 a metric ton in London, the highest in five years.
- Aluminium prices hit 9-year high on MCXOn Thursday’s session, LME Aluminium touched $2215/t, highest since March 2012 while MCX prices hit nine year highs of Rs.142.6/kg.
- Aluminium looks positive for 2nd half of this fiscalA slide to Rs 127-125 can be accumulating opportunity targeting Rs 150 and above.
- Copper futures gain on global cuesBuoyed by firm global trend, copper prices rose Rs 9.90 to Rs 316.30 per kg in futures trade today as speculators widened positions.
- Nickel futures climb over 3% on global cuesNickel prices climbed over 3 per cent to Rs 610.10 per kg in futures trading today as speculators widened positions taking positive cues fr...
- Centrum Broking sees aluminium prices rising to 18 per centCentrum Broking said 30-40% of aluminium capacity was presently unviable and supply cuts would accelerate globally.
- Rio Tinto CEO Sam Walsh rejects fears over China growth, demandIt was unclear, however, when China will cut back excess output in aluminium that has led to heavy exports and a glut on world markets, CEO...
- Copper, select base metals recover on global cuesAmid firm global cues and pick up in demand from consuming industries, select base metal led by copper prices recovered by Rs 2 per kg.
- Base metals to log tepid growth in June quarter tooAnalysts and industry officials apprehend that there may be a further impact on prices if European Central Bank, which is holding a meeting...
- Cheaper aluminium is also expected to impact Indian smeltersCheaper aluminium is also expected to impact Indian smelters including Hindalco and Nalco.
- Zinc follows crude route as Chinese demand fallsTracking the huge volatility in gold and crude, base metals like zinc have also slumped by over 7% in the past week. Prices have dipped upt...
- Zinc futures up 0.50 pc in early tradeZinc regained strength to trade 0.50 pc higher at Rs 81 per kg in the domestic futures market on expectations that China's largest zinc sme...
- Zinc gains on China output cutsZinc has posted smart gains in both international and domestic markets over the last couple of trading sessions, buoyed by high energy pric...
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