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copper mine

Pakistan drawing Saudi interest in Reko Diq

ISLAMABAD: Saudi Arabia has shown interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper...

Published 15 Nov, 2023 06:09am

Govt of Pakistan’s equity in Reko Diq project: Barrick says ‘will not mind’ if PIF wants to buy out

Barrick will support Saudi Arabia’s wealth fund coming into the mine through Pakistan’s 25% equity stake, says CEO Mark Bristow

Updated 09 Aug, 2023 10:21am

Markets

Copper climbs on China support but Covid clouds demand outlook

LONDON: Copper prices rebounded on Friday after top metals consumer China pledged more support for its ailing ...

Published 30 Apr, 2022 05:53am

Markets

China copper output rises, tin production up

BEIJING: China’s copper output rose 6.71% in December from the previous month to 802,200 tonnes as producers...

Published 12 Jan, 2022 04:25am

Markets

Copper prices ease

LONDON: Copper eased on Friday as the dollar firmed despite underwhelming US jobs data that tempered expectations ...

Published 04 Dec, 2021 04:23am

World

Chinese officials in Afghanistan to explore lithium projects

KABUL: Officials representing several Chinese companies are in Afghanistan to conduct on-site inspections of...

Published 25 Nov, 2021 03:53am

Markets

Copper edges lower on uncertainty ahead of Fed meeting

LONDON: Copper prices slipped on Wednesday on uncertainty ahead of a U.S. Federal Reserve meeting expected to start...

Published 04 Nov, 2021 04:32am

Markets

Copper slips on strong dollar

LONDON: Copper prices buckled under a stronger dollar on Tuesday ahead of key US payroll data later this week and on...

Published 06 Oct, 2021 04:17am

Markets

Copper falls as power shortages grip top consumer China

LONDON: Copper prices fell for a second day on Wednesday as a power supply crisis gripped China, the largest metals...

Published 30 Sep, 2021 04:15am

World

Taliban inherit untapped $1trn trove of minerals

PARIS: The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could...

Updated 23 Aug, 2021 11:26am

Markets

Demand doubts and dollar weigh on copper

LONDON: Copper prices fell to their lowest in more than two weeks on Monday as a firm dollar and demand worries...

Published 10 Aug, 2021 04:39am

Markets

Copper rises as investors await Fed minutes

LONDON: Copper prices rose on Wednesday, recouping losses from the previous session, as investors waited for the...

Published 08 Jul, 2021 04:22am

Markets

Copper prices keep falling

LONDON: Copper prices fell on Tuesday as rising coronavirus cases strengthened the dollar and cast doubt on a speedy...

Published 30 Jun, 2021 03:54am

Markets

Copper prices steady

LONDON: Copper prices held steady on Friday after US President Joe Biden embraced a bipartisan Senate infrastructure...

Published 26 Jun, 2021 03:24am

Markets

Copper keep climbing

LONDON: Copper prices extended gains on Wednesday after the head of the US central bank vowed to keep interest rates...

Published 24 Jun, 2021 03:36am

Markets

Copper heads for biggest weekly fall since March 2020

LONDON: Copper on Friday was on track for its biggest weekly fall since March 2020 after the Federal Reserve...

Published 20 Jun, 2021 03:39am

Markets

Copper prices slip to 7-week low

LONDON: Copper prices slid to seven-week lows on Tuesday as traders and funds cut bets on higher prices due to...

Published 16 Jun, 2021 03:39am

Markets

Copper falls as market frets about demand, China curbs

LONDON: Copper slipped on Monday as fears that top consumer China would take action to curb any further rises in...

Published 15 Jun, 2021 03:30am

Markets

Copper prices hover below $10,000

LONDON: Copper prices hovered below $10,000 a tonne on Wednesday as data showed Chinese factories were facing the...

Published 10 Jun, 2021 03:22am

Markets

Global copper smelting extends recovery in May

LONDON: Global copper smelting extended its rebound in May, touching fresh highs for the year as operations ...

Published 06 Jun, 2021 02:56am

Markets

Shanghai copper registers second monthly gain on supply concerns

The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.

Published 31 May, 2021 06:37pm

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.

Published 21 May, 2021 08:20pm

Markets

C$ stays on track to extend weekly win streak despite jobs decline

Canadian dollar weakens 0.3% against the greenback.
For the week, the loonie is up 0.9%.
Canada sheds 207,100 jobs in April.
Canadian 5-year yield hits a 2-month low at 0.841%.

Published 07 May, 2021 08:41pm

Markets

Aluminium extends rally on growing supply fears

Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.

Published 06 May, 2021 08:56pm

Markets

Copper bonanza challenge for top producer Chile

"There is a conjunction of elements that are making investors adopt a more cautious position," he added.

Published 02 May, 2021 11:23am

Markets

Copper prices down

LONDON: Copper drifted lower on Friday, hovering below the $10,000 level it briefly broke through a day earlier as...

Published 01 May, 2021 03:28am

Business & Finance

World top copper producer Chile sees output slide for 10th consecutive month

Copper output fell 1.3% in March, to 491,720 tonnes, the agency said, coinciding with a raft of new restrictions on movement and commerce following the Southern Hemisphere's summer holidays.
Chile's copper production fell 2.2% year on year, to 1.4 million tonnes, in the first quarter of 2021, according to INE's statistics.

Published 30 Apr, 2021 08:37pm

Markets

Copper eyes $10,000/T level as US dollar softens

"(Copper is) supported by a weaker dollar and dovish comments from the Federal Reserve," said commodities broker Anna Stablum of Marex Spectron in a note.

Published 29 Apr, 2021 12:18pm

Markets

Copper rally pauses

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the US Federal Reserve, but...

Published 29 Apr, 2021 03:52am

Markets

China copper smelter Fangyuan taps Xiamen ITG to turn business around

Fangyuan operating at low rate since flagging liquidity problems.
ITG may sell raw material to Fangyuan, buy back products- source.
Smelter could restart second production line next month – source.

Published 22 Apr, 2021 06:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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