Copper prices rise after Supreme Court knocks back Sterlite smelter reopening

Copper prices rise after Supreme Court knocks back Sterlite smelter reopening

Benchmark copper did not trade but was bid up 0.8 per cent at $6,235 a tonne in official rings, near a two-month high of $6,289.50 reached on Feb. 7.

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Reuters
  • Feb 19, 2019,
  • Updated Feb 19, 2019 8:29 AM IST

Copper prices rose on Monday on concerns that supply will be tight after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export permit had expired.

Better than expected Chinese lending data on Friday, meanwhile, suggested that demand from the world's biggest consumer of metals will remain strong.

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Copper prices rose on Monday on concerns that supply will be tight after a court ruling cast doubt on the future of a smelter in India and a large mine in Indonesia said its export permit had expired.

Better than expected Chinese lending data on Friday, meanwhile, suggested that demand from the world's biggest consumer of metals will remain strong.

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