Copper imports by China, the leading metals consumer, may dip from a record on increasing domestic inventories and as the government stops buying, said an official at China Minmetals Nonferrous Metals Co., the biggest trader. For full story, click here
As per report provided by CMIE, global copper concentrates shortage and on-going smelter maintenance work by major domestic firms may lead to a decline in copper production next fiscal. For full story, click here
Hindalco Industries forcasted that domestic copper consumption is likely to double by 2012 to 1.1 million tonnes due to increased demand from the power sector. S K Sharma, vice-president, marketing, Hindalco Industries, stated: As such, transformers and wire cables are going to be two major contributors to the domestic copper demand. For full story, click [...]
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