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copper producer

Copper prices fall for fourth day on stronger dollar

Three-month copper on the London Metal Exchange shed 1.5% to $9,246 per tonne.
Three-month aluminium on the London Metal Exchange rose 1.9% to $2,536 a tonne while lead rose 1.8% to $2,274.

Published 29 Jun, 2021 04:42pm

Markets

Copper edges up after Fed chief vows to keep rates low

"I suspect for the next few months we'll consolidate sideways. Maybe that will be the mantra of summer - buy the dips, sell the rallies and then reassess how things are evolving going forward."

Published 23 Jun, 2021 06:27pm

Markets

Copper edges higher ahead of Fed chair's testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6% last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 06:17pm

Markets

Copper heads for its biggest weekly tumble since March 2020

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,238 a tonne.
The sell-off follows a remarkable rally, with the metal used in power and construction reaching a record high of $10,747.50 in May.

Published 18 Jun, 2021 05:28pm

Markets

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Markets

Copper falls on China's pledge to cool prices, low premiums

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,834.50 per tonne in official trading.
Copper inventories climbed 2,100 tonnes to a one-month high of 131,775 tonnes.

Published 10 Jun, 2021 08:26pm

Markets

Copper up on dollar, strike possibility in Chile

"There's been some buying on the back of a lower dollar and the possibility of a strike at Escondida (copper mine in Chile)," a copper trader said. "But the rally does seem to have to run out of steam."
An overhaul of Chile's market-orientated constitution is underway and the country is debating whether to increase royalties on miners.

Published 20 May, 2021 06:05pm

Markets

Copper turns higher as strike risk offsets weak China data

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $10,283.50 a tonne in official trading, close to last Monday's all-time peak of $10,747.50.
Chinese steel prices fell sharply, with buyers put off by higher prices and the government warning it will move against too rapid a rally.

Published 17 May, 2021 06:33pm

Business & Finance

Chile's copper export revenue jumps in April as price soars

Chile, the world's top copper producer, said it had exported $4.541 billion worth of copper in April alone, a boon for its ailing economy following months of coronavirus-induced economic stagnation.
Swelling revenues from copper exports led to a trade surplus of $2.040 billion in April, the central bank said.

Published 07 May, 2021 06:53pm

Markets

Copper hits 10-year high on hopes for demand

Benchmark three-month copper on the London Metal Exchange (LME) touched $10,040 a tonne, its highest since Feb. 2011 when the contract hit a record of $10,190 a tonne.
"It makes sense for market to take stock after hitting the key technical level of $10,000 a tonne," said Saxo Bank analyst Ole Hansen.

Published 05 May, 2021 09:07pm

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

Latam FX subdued on virus woes; Chilean peso tracks higher copper prices

Brazilian consumer inflation jumps first time in four years.
Mexican peso drops most in one month.

Published 27 Apr, 2021 08:54pm

Markets

Copper hits 10-year peak on supply worries, falling stocks

Benchmark copper on the London Metal Exchange was up 1.9% at $9,736 a tonne at 1140 GMT. Prices of the industrial metal earlier hit $9,750 a tonne, the highest since August 2011.
Stocks of copper in LME registered warehouses at 155,100 tonnes have fallen about 10% over the past couple of weeks.

Published 26 Apr, 2021 05:23pm

Markets

Copper heads for biggest weekly gain since February

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,320.50 a tonne.
Global equities were near record highs and European stocks reached an all-time peak. Oil prices rose above $67 a barrel.

Published 16 Apr, 2021 06:39pm

Markets

Bullish sentiment propels copper to six-week high

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.

Published 15 Apr, 2021 08:21pm

Markets

Copper rebounds on industrial buying; speculators on sidelines

Three-month copper on the London Metal Exchange had gained 0.6% to $8,914 a tonne by 0930 GMT, after shedding 0.7% on Monday.
The most-traded May copper contract on the Shanghai Futures Exchange closed down 0.3% at 65,870 yuan ($10,055.72) a tonne.

Published 13 Apr, 2021 05:28pm

Markets

Copper loses ground on fears of Chinese commodities price caps

Benchmark copper on the London Metal Exchange (LME) shed 0.4% to $8,893.50 a tonne in official trading.
Copper has gained about 30% over the past five months, having touched a 9-1/2 year peak of $9,617 in late February.

Published 12 Apr, 2021 05:50pm

Business & Finance

Reality check for copper bulls as Chinese demand growth slows

"There's no point having money in copper at this point because we're not going anywhere," said commodities broker Anna Stablum of Marex Spectron.
"The shorter-term money...has already disappeared and moved on to where you can make more short-term gains, but...there's substantial sticky, longer-term money basically (still) sat in that long," she said.

Published 09 Apr, 2021 06:02pm

Markets

Copper climbs on supply concerns, lower dollar

"Copper prices have settled around $9,000, not $8,000, which tells you the market is fairly tight," said Guy Wolf, global head of analytics at Marex.
"The outlook is very uncertain, the key thing is will vaccines stop the spread of the coronavirus. Once people believe the vaccine stops you infecting other people, things will start moving."

Published 08 Apr, 2021 05:51pm

Markets

Copper slips as inventories climb and China premiums dip

Benchmark copper on the London Metal Exchange (LME) shed 0.8% to $8,974.50 a tonne in official trading. The metal touched its highest since March 23 at $9,104 in the previous session.
Copper inventories in LME-registered warehouses have since surged to 150,325 tonnes compared to 74,200 tonnes at the end of February.

Published 07 Apr, 2021 05:56pm

Markets

Copper hits 2-week high as top producer Chile closes border

Three-month copper on the London Metal Exchange climbed as much as 3.6% to $9,104 a tonne, its highest since March 23.
The most-traded May copper contract on the Shanghai Futures Exchange also hit its highest in two weeks, advancing as much as 2.3% to 67,670 yuan ($10,308.32) a tonne.

Published 06 Apr, 2021 11:24am

Markets

Copper touches lowest in nearly a month on China demand worries

There are concerns about China deleveraging; that seems to be uppermost in a lot of people's minds. How much more tightening is there to come? And the Chinese economy seems to be slowing anyway.
Copper inventories are rising on the LME and it seems that demand for the time being has come off the boil, which is a bit concerning because we're going into the seasonally strong part of the year.

Published 01 Apr, 2021 05:11pm

Markets

Copper falls to nearly 3-week low on China demand worries, firm dollar

Three-month copper on the London Metal Exchange shed 2.2% to $8,780.50 a tonne in official trading, having hit $8,702 a tonne, its lowest since March 5.
Chinese demand worries and a stronger dollar - these are the two main macro factors that's causing a general loss of risk appetite across the whole commodity space.

Published 25 Mar, 2021 08:50pm

Markets

Chile consumer prices expected to creep up 0.5pc in March

Chile's benchmark interest rate is expected to stay at 0.50% - its lowest in a decade - in the next policy meeting in March, the poll showed, but will rise to 0.75% in 12 months.

Published 25 Mar, 2021 05:15pm

Markets

Copper prices supported by strong Euro factory data

Benchmark copper on the London Metal Exchange (LME) was up 0.3% to $9,004 a tonne.
Copper, used in the power and construction industries, is also seen as a gauge for the health of global economy.

Published 24 Mar, 2021 07:52pm

Markets

Copper loses ground as US-China meeting fuels caution

Markets are also unsettled after a rapid rise in US bond yields turned investors cautious, taking some heat from rallies in equities, oil and industrial metals.
Benchmark copper on the London Metal Exchange (LME), which reached a decade high of $9,617 a tonne last month, was at $9,017.50 in official trading, down 0.4% for the day and around 0.7% for the week.

Published 19 Mar, 2021 09:55pm

Business & Finance

Chinese miner Zijin posts record annual profit as gold, copper prices surge

Revenues rose 47% to 182.3 billion yuan last year, the company said in a filing, as it cashed in on more than 25% rises in the prices of precious metal gold, which hit an all-time peak in August, and industrial metal copper.
The price jump bolstered Zijin's coffers, with cash and cash equivalents almost doubling from a year earlier to 11.79 billion yuan as of Dec. 31, paving the away for the continuation of an acquisition spree that has seen the company buy mines in Colombia and Guyana.

Published 19 Mar, 2021 09:46pm

Markets

Copper firm on supply concern, but dollar weighs

Benchmark copper on the London Metal Exchange traded up 0.1% at $9,077.5 a tonne in official rings.
Copper and other base metals have struggled to find clear direction in the last few weeks thanks to macro market jitters and the bond market tantrum which caused consternation in cross-asset markets.

Published 18 Mar, 2021 08:13pm

World

Chile's lower chamber of deputies set to decide fate of mining royalty bill

Chile's sprawling copper industry maintains it has already hit its limit in terms of tax burden, and that hiking royalties could put some smaller mines, with higher-costs, out of business.
Chile's National Mining Society (Sonami) told Reuters that the bill was also unconstitutional, and has repeatedly warned that its passage would could harm investment.

Published 18 Mar, 2021 07:50pm

Markets

Copper falls as rising inventories spur demand concerns

Three-month copper on the London Metal Exchange fell 0.5% to $9,019.50 a tonne.
A weak physical market in China and concerns about rising US Treasury yields offset a soft US dollar.

Published 18 Mar, 2021 05:20pm

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Leaders

Stock	Price
Kohinoor Power / Jul 4 Kohinoor Power Company Limited(KOHP)	4.00 ▲ 0.30 (8.11%)
AKD Hospitality / Jul 4 AKD Hospitality Limited(AKDHL)	164.69 ▲ 11.49 (7.50%)
AL-Noor Sugar / Jul 4 Al-Noor Sugar Mills Limited(ALNRS)	51.76 ▲ 3.61 (7.50%)
K.S.B.Pumps / Jul 4 KSB Pumps Company Limited(KSBP)	152.80 ▲ 10.66 (7.50%)
Sanofi-Aventis / Jul 4 Sanofi-Aventis Pakistan Limited(SAPL)	1234.61 ▲ 86.13 (7.50%)
Artistic Denim / Jul 4 Artistic Denim Mills Limited(ADMM)	61.27 ▲ 4.27 (7.49%)
Bolan Casting / Jul 4 Bolan Castings Limited(BCL)	57.56 ▲ 4.01 (7.49%)
MithchellsFruit / Jul 4 Mitchells Fruit Farms Limited(MFFL)	98.56 ▲ 6.87 (7.49%)
ZIL Limited / Jul 4 ZIL Limited(ZIL)	115.76 ▲ 8.07 (7.49%)
Zahid Jee Tex. / Jul 4 Zahidjee Textile Mills Limited(ZAHID)	26.80 ▲ 1.80 (7.20%)

Stock	Price
Dewan Sugar / Jul 4 Dewan Sugar Mills Limited(DWSM)	2.31 ▲ -0.68 (-22.74%)
First IBL Mod. / Jul 4 First IBL Modaraba(FIBLM)	4.10 ▲ -0.75 (-15.46%)
Tri-Star Power / Jul 4 Tri-Star Power Limited(TSPL)	3.21 ▲ -0.58 (-15.30%)
Popular Islamic / Jul 4 Popular Islamic Modaraba(PIM)	7.37 ▲ -0.99 (-11.84%)
Premier Insurance / Jul 4 Premier Insurance Limited(PINL)	3.84 ▲ -0.50 (-11.52%)
Unicap Modaraba / Jul 4 Unicap Modaraba(UCAPM)	1.59 ▲ -0.20 (-11.17%)
Universal Network / Jul 4 Universal Network Systems Limited(GEMUNSL)	47.50 ▲ -3.80 (-7.41%)
Cordoba Logistics / Jul 4 Cordoba Logistics & Ventures Limited(CLVL)	10.20 ▲ -0.80 (-7.27%)
Int. Knit. / Jul 4 International Knitwear Limited(INKL)	9.30 ▲ -0.70 (-7.00%)
Habib Rice Products / Jul 4 Habib Rice Product Limited(HRPL)	33.13 ▲ -2.37 (-6.68%)

Stock	Volume
Sui North Gas / Jul 4 Sui Northern Gas Pipelines Limited(SNGP)	9,625,251 ▼ 0.00
Agritech Limited / Jul 4 Agritech Limited(AGL)	6,963,500 ▼ 0.00
Pak Refinery / Jul 4 Pakistan Refinery Limited(PRL)	3,091,116 ▼ 0.00
Maple Leaf / Jul 4 Maple Leaf Cement Factory Limited(MLCF)	3,063,035 ▼ 0.00
WorldCall Telecom / Jul 4 Worldcall Telecom Limited(WTL)	2,405,500 ▼ 0.00
K-Electric Ltd. / Jul 4 K-Electric Limited(KEL)	1,601,500 ▼ 0.00
Cnergyico PK / Jul 4 Cnergyico PK Limited(CNERGY)	1,487,839 ▼ 0.00
Ghani Glo Hol / Jul 4 Ghani Global Holdings Limited(GGL)	1,456,250 ▼ 0.00
Lotte Chemical / Jul 4 Lotte Chemical Pakistan Limited(LOTCHEM)	1,329,203 ▼ 0.00
Pak Elektron / Jul 4 Pak Elektron Limited(PAEL)	1,157,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

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