By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]
Continue reading "Copper rallies after Fed Statement, to Hit 2009 Peak"
Friday, August 7, 2009
Led by Nickel, all other metals firmed up smartly on the non-ferrous metal market here today on heavy purchase by stockists as well as good demand from consuming industries. For full story, click here
Continue reading "Smart Surge in Nickel and Copper Prices on good demand"
Monday, June 15, 2009
By Leia Michele Toovey-Exclusive to Copper Investing News Copper fell for a second day as a stronger dollar made the commodity more expensive for those holding in other currencies; the Dollar Index, a gauge of the currency’s value against six major counterparts, rose for a second day. Further downward impetus came as stockpiling inventories in [...]
Continue reading "Stonger greenback puts the brakes on copper's rally"
Wednesday, April 29, 2009
NRI billionaire Anil Agarwal-led Sterlite Industries will compete with any rival bidder to buyout America’s third-biggest copper producer Asarco, for which it has already offered $1.7 billion, and said it sees the deal getting sealed in the next 3-4 months. For full story, click here
Continue reading "Sterlite will match rival bid for Asarco, to seal deal in 4 months"
Wednesday, April 8, 2009
Copper major Sterlite Industries Ltd. slipped by over 4.5% during the morning trading session on the BSE today. For full story, click here
Continue reading "Sterlite Industries plunged by over 4.5%"
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Thursday, August 13, 2009