India copper futures extended losses for a fourth day on Wednesday, as slipping equity markets and a stronger dollar weighed on prices. The most-active August copper contract MCCQ9 was 1.53 percent lower at 292.55 rupees per kg at 5:42 p.m., after losing 4 percent in the last three sessions. Tejas Seth, senior research analyst with [...]
India copper futures recovered partly on Thursday, supported by surging equity markets, along with comforting statements from the Chinese central bank. Praveen Singh, an analyst with Sharekhan Commodities, stated: Prices are supported by stock markets and Chinese central bank’s statement. For full story, click here
Copper and zinc producer Sterlite Industries Ltd. declared that it will be seeking shareholder approval to surge long-term funds by diluting equity up to 25%. The news sent the stock down by about 4.5% on Tuesday. For full story, click here
Indian copper futures reversed early losses on Tuesday taking strength from bullish world equity markets. Somnath Dey, in-charge metals and energy research with Religare Commodities, stated: Copper’s rise is due of rallying equity markets. For full story, click here
U.S. copper futures gained ground at the open on Thursday as surging equity markets and falling inventories buoyed sentiment, but a rebound in the dollar and investor caution ahead of next week’s bank stress test results capped the advance. For full story, click here
African Copper Plc. announced proposal of £4.4 million by the issue of 15,815,580 new ordinary shares of 10P each to Natasa Mining limited at 27.9P per share. For full story, click here
India copper futures turned lower on Monday evening on profit-taking triggerred by expectations that U.S. equity markets would dip, after the red metal surged about 7 percent in the previous three sessions. Gnansekar Thiagarajan, director with Commtrendz Research in Mumbai, stated: There will be profit-taking as copper had risen substantially last week. For full story, [...]
It is declared that around 434 million shares of Shenzhen-listed Yunnan Copper Co Ltd accounting for 34.507% of the total equity will became tradable today. For full story, click here
Copper stepped high as firmer global equity markets and a weaker dollar underpinned sentiment, while another steep decline in inventories helped to keep prices buoyed near their November highs. For full story, click here
Get our independent commentary on copper trends and companies delivered to your inbox.
