Gold Silver Reports (GSR) – Metal Stocks Gain After Aluminium, Copper Prices Rise On LME – Shares of metal producers were trading higher led after copper and aluminium prices rose in international markets. Aluminium prices settled 5.49 percent higher on the London Metal Exchange. While, copper rose 2.1 percent in trade yesterday.
Copper prices
Copper MCX Sell on Rise, Downside Target 449—444
Gold Silver Reports – Copper MCX Sell on Rise, Downside Target 449—444 – Technically Copper market is under fresh selling as market has witnessed gain in open interest by 6.85% to settled at 12282 while prices down 2.25 rupees.
Cut in Fees for Smelters is a Risk for Domestic Copper Producers
Gold Silver Reports – Cut in Fees for Smelters is a Risk for Domestic Copper Producers | Copper smelters and miners are in a standoff over the annual benchmark rates for copper treatment and refining charges (TC/RCs). India’s custom copper smelters, run by Hindalco Industries Ltd and Vedanta Ltd, will be keenly awaiting the final outcome. Investors should too. These charges are one determinant of their copper division’s profits in the forthcoming fiscal year.