Page 6 - Copper

Arbitral tribunal rules ZCCM breached dispute resolution provisions over Vedanta mines

A Zambian court has stayed hearing by a state-appointed provisional liquidator for splitting up Vedanta Resources' Konkola Copper Mines (KCM) unit and selling the assets. The stay on KCM liquidation proceedings has been granted to allow Vedanta and the Zambian government to proceed to arbitration, Vedanta said in a filing to the Singapore Stock Exchange. Metals and mining firm Vedanta Resources held a 79.4 per cent stake in KCM while the Zambian government through its state mining investment firm ZCCM-IH holds the remaining 20.6 per cent. Vedanta has been locked in a dispute with the Zambian government since May 2019, when the Zambian government handed control of the mine to a liquidator. Legal arguments over the case have been heard in both Zambia and South Africa. "Zambian Court of Appeal has granted a stay in respect of any hearing of the merits of the Winding Up Petition and Amended Petition in respect of Konkola Copper Mines plc pending a decision in respect of the arbitrati

Govt not to impose anti-dumping duty on certain copper items import

The government has decided not to impose anti-dumping on imports of certain copper products, used in the electrical industry, from China, Thailand, Korea and three other countries

Trading strategies for copper and aluminum by Tradebulls Securities

The trend for aluminum has shifted from 'neutral' to 'positive'

Trading strategies for nickel and copper by Tradebulls Securities

Nickel has made 'harami' candlestick formation after sharp red candle, indicating selling momentum has subsided

Copper just smashed past a record on LME: Here's what you need to know

The reddish brown metal is mostly unrivaled as an electrical and thermal conductor

Copper jumps to fresh all-time high as growth bets supercharge commodities

Yet, while the biggest miners are universally bullish on the outlook for copper, there are few new projects on the horizon, constraining future supply.

Copper surges toward $10,000 as bulls swarm in to profits on global rebound

Producers worry that plans to boost mining royalties could stifle investment and make the country less competitive

Copper climbs to highest in 10 years as global recovery powers metals

Copper, a bellwether for the global economy, rose as much as 2.4% to $9,780 per tonne in London

Copper is the new oil: Demand for the metal expected to soar this decade

The 2020s are expected to be the strongest phase of volume growth in global copper demand in history: report

Trading strategies for copper and aluminum by Tradebulls Securities

Copper needs a decisive breakout below 657 for sellers to get active

Trading strategies for copper and nickel by Tradebulls Securities

For Copper sellers to gain upperhand, they must breach the support of 668 levels

Vedanta Resources settles copper mine pollution claim in Zambia

The claim, centering on pollution from the Nchanga Copper Mine, was brought by more than 2,500 Zambian villagers against KCM

Copper near 7-year high as investors regain nerve; gold and oil firm up

Benchmark copper on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday's peak of $8,028, its highest since 2013

Maruti to increase car prices from Jan as raw material gets costlier

Raw material prices like steel,aluminium, copper and rubber are increasing with the full impact of cumulative increases to be felt in Q3 and Q4 of this financial year

Turquoise Hill's dispute with Rio Tinto's copper mine in Mongolia explained

Canadian mining company Turquoise Hill Resources Ltd is locked in a feud with its largest shareholder, Rio Tinto Plc, over the underground expansion of its massive Oyu Tolgoi copper mine in Mongolia

Select base metals may continue to rally in 2021 over weakening dollar

Zinc, aluminium poised for correction as prices move ahead of fundamentals

Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports

India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said

India opens anti-subsidy probe Malaysia, Vietnam, Thai copper, tube imports

The probe covers imports shipped between April 1, 2019 and March 31, 2020

MCX sees delivery of 106,814 tns in 5 base metal contracts since Jan 2019

Out of the total deliveries of metal, aluminium accounted for 30,771 tonnes, copper 24,852.50 tonnes, lead 10,517 tonnes, nickel 3,646.50 tonnes and zinc 37,027 tonnes

Trading strategies for copper and lead by Tradebulls Securities

Negative divergence (RSI_14) on daily scale is being seen in Copper since July-end