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copper producer

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

Markets

Supply squeeze drags copper treatment charges below $20 a tonne

Antofagasta tender goes for TC in high $10s/T – sources.
Spot TCs in China lowest since 2010 at $33.50/T - Asian Metal.
Smelter margins razor thin ahead of China meeting.

Published 18 Mar, 2021 05:11pm

Markets

Copper rises on signs of higher demand but dollar caps gains

Three-month copper on the London Metal Exchange (LME) rose 0.7% to $9,024.50 per tonne in official trading, having touched a 9-1/2 year peak of $9,617 last month.
We are still in a long term constructive environment for copper. Generally commodities are in a bull market given some of structural changes in terms of demand for energy metals.

Published 17 Mar, 2021 08:28pm

Markets

London copper rises on demand view, tight mine supply

Fundamentals remain healthy, especially with the supply and logistics disruptions in South America, while demand outlook looks promising based on positive macro data.
However, risk sentiment is definitely dampened with the rising US Treasury yield and a stronger US dollar in the short term, which definitely weighed on copper prices.

Published 17 Mar, 2021 05:19pm

Business & Finance

Chile's Codelco gets regulatory nod to extend life of Radomiro Tomic mine

Thanks to the incorporation of new mining resources, it will be possible to extend it for seven more years from 2023.
The next five years will not be easy for Radomiro Tomic because of the deterioration in our mining assets, so it is key we continue to be austere, innovative and more productive.

Published 16 Mar, 2021 09:42pm

Markets

Copper slips on profit taking, firmer dollar ahead of Fed

Benchmark copper on the London Metal Exchange had dropped 1.8% to $8,979.50 a tonne.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Published 16 Mar, 2021 05:16pm

Markets

China’s copper imports likely to rise, may not be bullish signal

LAUNCESTON, (Australia): China’s imports of copper are likely to rebound in March, but the expected increase after...

Published 16 Mar, 2021 04:43am

Markets

Copper gains in thin volumes on buoyant Chinese data

Copper hits highest since March 3.
Investors cautious ahead of central bank meetings.

Published 15 Mar, 2021 05:28pm

Markets

China pollution clampdown fuels copper demand concerns

Three-month copper on the London Metal Exchange was down 0.3% at $9,033 a tonne.
The contract has surged 46% since the beginning of 2020, hitting a 9-1/2-year high of $9,617 a tonne in February.

Published 12 Mar, 2021 07:00pm

Markets

Copper prices slip as China cools growth and credit plans

"The trigger for lower prices came from the latest communication from the Chinese government," said Gianclaudio Torlizzi at consultancy T-Commodity.
Three-month copper on the London Metal Exchange (LME) droped by 1.4% to $8,877 a tonne in offical trading, erasing the previous session's 1.1% gain.

Published 09 Mar, 2021 08:49pm

Markets

Copper prices slip as China cools growth and credit plans

China is widely expected to rein in coronavirus-induced stimulus and cool credit growth to contain debt risks while maintaining support for ailing small firms. It has also set modest growth targets.
Three-month copper on the London Metal Exchange (LME) declined 1.4% to $8,883 a tonne.

Updated 09 Mar, 2021 09:30pm

Markets

Chile's Codelco copper output jumps in January, Escondida dips

The state-run Chilean Copper Commission (Cochilco) reported that production by Codelco, the world's largest miner of the red metal, rose 19.4% year-on-year to 142,000 tonnes in the month.
Collahuasi - a partnership between Glencore and Anglo American along with Japanese companies - posted a 6.5% year-on-year rise in production to 57,000 tonnes.

Published 02 Mar, 2021 09:41pm

Markets

Copper's rally may be back on as prices steady above $9,000

Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $9,150 a tonne.
On the Shanghai Futures Exchange (ShFE), speculators' net long reached 57.9% of open contracts on Friday, the most since 2003, before falling to 51.8% on Monday, Marex said.

Published 02 Mar, 2021 06:09pm

Markets

Chile's Codelco reports bumper year for profits despite pandemic

The 55% increase in profits came amid a surge in global metal prices and higher sales as global markets including Chile's main buyer China begin to rally from the pandemic.
Codelco said an 8.6% drop in direct cash costs to $1.294 per pound had also helped bolster profits, attributing these primarily to the lower price of inputs, a strengthening peso, upped production and a cash-saving drive by managers.

Published 26 Feb, 2021 08:47pm

Markets

Copper spirals lower as bond rout spooks investors

Three-month copper on the London Metal Exchange (LME) had slumped 3.2% to $9,112 a tonne .
On Thursday, LME copper hit its highest since August 2011 at $9,617 a tonne, 5.6% short if its record high of $10,190 in February 2011.

Published 26 Feb, 2021 07:07pm

Markets

Copper jumps to 9-1/2 year high on inflation fears

Copper is about 6% below its record high of $10,190 a tonne hit in February 2011.
Three-month copper on the London Metal Exchange had climbed 1.2% to $9,417 a tonne.

Published 25 Feb, 2021 09:32pm

Markets

Copper jumps to new 2011 highs on inflation fears

Three-month copper on the London Metal Exchange was up 2.2% at $9,513.50 a tonne.
Copper is about 6% below its record high of $10,190 a tonne hit in February 2011.

Published 25 Feb, 2021 06:47pm

Markets

Copper holds near 9-1/2 year high as weak dollar, low inventories support

Benchmark three-month copper on the London Metal Exchange (LME) rose 0.3% to $9,231 per tonne.
"The macro story of strong growth and higher inflation is likely to be the main theme."

Published 24 Feb, 2021 05:57pm

Markets

Copper's spectacular rally slows at 9 1/2-year highs

Benchmark copper on the London Metal Exchange was up 0.2% at $9,112 a tonne. *Prices have shot up 16% in February, the biggest monthly rise since November 2016, taking gains since the start of 2020 to around 50%.

Published 23 Feb, 2021 05:49pm

Markets

Copper soars to 9-year high on tight supply, weak dollar

Benchmark copper on the London Metal Exchange (LME) added 2.3% to $8,746 per tonne.
The return of the Chinese market post the Lunar New Year has seen some renewed interest in base metals.

Published 19 Feb, 2021 05:20pm

Markets

Global copper smelting slides in January amid COVID-19 lockdowns

Top producer China also dipped but from high levels, satellite service SAVANT and broker Marex Spectron said in a joint statement on Tuesday.
It sells data to fund managers, traders and miners and publishes a free monthly index of global copper smelter activity.

Published 16 Feb, 2021 08:01pm

Markets

Copper touches fresh 2012 peak in thin trade on recovery hopes

Tuesday is the third successive session that LME copper has hit fresh multi-year peaks, having rallied by 93% since March last year.
Some investors see current high prices as the start of a new bull market, but analyst Carsten Menke at Julius Baer in Zurich is wary.

Published 16 Feb, 2021 06:10pm

Markets

Copper dips as Lunar New Year halts Chinese buying

Benchmark copper was down 0.4% at $8,248.50 a tonne by 1140 GMT after touching an eight-year peak on Thursday, having surged nearly 90% since March last year.
There was some last-minute restocking by the Chinese ahead of their holiday, so when they come back they'll be able to gear up pretty quickly.

Published 12 Feb, 2021 06:07pm

Markets

Chile consumer prices jump 0.7pc on food, transport costs

Statistics agency INE said rolling 12-month inflation hit 3.1%, within the central bank's target range of between 2%-4%.
Chile is the world's top copper producer.

Published 08 Feb, 2021 05:24pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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