Image used for representative purpose only. | Photo Credit: G.N. Rao Three of the fifteen members of a team of Hindustan Copper Limited who had been trapped in a mine in Neem ka Thana district since last night were rescued on May 15 morning. Fifteen officials of the public sector company got trapped in a … Read more
A view of the Sterlite Copper plant in Thoothukudi . File | Photo Credit: Rajesh N The Supreme Court has agreed to consider hearing the Vedanta group’s plea related to the closure of its Sterlite Copper unit in Tamil Nadu’s Thoothukudi on January 2. A Bench comprising Chief Justice of India D.Y. Chandrachud and Justices … Read more
Base metals prices retreated from their January highs as Chinese economic woes threatened the demand from the world’s largest commodity consumer. Fears of excess supplies and the US Fed’s rate hike policies also added pressure on prices throughout the period. In the benchmark LME platform, prices of the most used industrial commodities like copper and … Read more
By Yvonne Yue Li and Marvin G. Perez For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so. Soybean futures have erased their 2021 advance, sliding more than 20 per cent from an eight-year high reached in May, while … Read more
Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year. The previous copper record was set in 2011, around the peak of the commodities supercycle sparked by China’s rise to economic heavyweight status — fueled by massive amounts of raw materials. This time, investors are … Read more
Palladium extended its blistering rally to an all-time high within striking distance of $3,000 on Friday on supply concerns and bets for improving demand, while gold pulled back on strong US economic data. Palladium jumped more than 3% to a record high of $2,925.14 per ounce, poised for a second straight weekly gain. Many analysts … Read more
According to Chandan Taparia, technical analyst at Motilal Oswal Financial Services, the major trend of the stock is positive as it has been making higher top-higher bottom along with buying interest in the entire metal space. Synopsis Shares have rallied 72% in the last one month and 166% in the last three months to close … Read more