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Market move● Neutral for Indian equities
Copper Heads for Weekly Loss as High Energy Costs Limit Demand
- Hindalco terminates $125 million AluChem acquisition after closing delays
- Vedanta Copper plans $2.3 billion capex, Tamil Nadu smelter restart back on agenda
- America’s Copper Hoard Stokes Fear of a Supply Crunch
- Setback for Vedanta as Orissa HC rejects old bauxite supply pact
- Copper Steadies With Focus on Supply During China Holiday
Copper prices and supply outlook
Deutsche Bank said copper prices could rise another 50%, citing historically low inventories, US stockpiling and constrained mine supply, and warned supplies to users could be exhausted by 2028. High energy costs are limiting demand as copper heads for a weekly loss.
Friday, 2 October
- Copper Heads for Weekly Loss as High Energy Costs Limit Demand