Base metals may rise on supply disruptions in major mines

Nirmal Bang has come out with its report on base metals. The research firm expects a further rise in the prices of metals on account of supply disruptions in major mines. Copper in particular can be bought at dips for the day.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Brokerage Recos - Commodities

Mar 21, 2013, 02.40 PM | Source: Moneycontrol.com

Base metals may rise on supply disruptions in major mines

Nirmal Bang has come out with its report on base metals. The research firm expects a further rise in the prices of metals on account of supply disruptions in major mines. Copper in particular can be bought at dips for the day.

Like this story, share it with millions of investors on M3

Base metals may rise on supply disruptions in major mines

Nirmal Bang has come out with its report on base metals. The research firm expects a further rise in the prices of metals on account of supply disruptions in major mines. Copper in particular can be bought at dips for the day.

Post Your Comments

Share Cancel

(more)

, Nirmal Bang |

Nirmal Bang has come out with its report on base metals. The research firm expects a further rise in the prices of metals on account of supply disruptions in major mines. Copper in particular can be bought at dips for the day.

Industrial metals prices rebounded yesterday from seven-month lows as some investors went bargain hunting and others closed out short positions, but gains were capped by worries about Cyprus and uncertain demand in China.

Codelco, the world's No. 1 copper producer, has been unable to export some metal from its massive mines due to a strike by port workers in northern Chile, the company said on Wednesday.

Price spreads of cash copper on the London Metal Exchange and the spot Shanghai market have widened to the best arbitrage opportunity for imports into top consumer China since late 2011, although already high stocks may cap fresh orders.

South Korea is seeking 3,000 tonnes of copper for August arrival via a tender, the state-run Public Procurement Service said on its website

Commodity trader Glencore is expected to produce about 60,000 tonnes of lead this year at its reopened smelter in Portovesme, on the Italian island of Sardinia, industry sources said.

Global crude steel production rose 1.2 percent to 123 million tonnes in February, compared with the same month a year earlier, data from the World Steel Association (Worldsteel) showed on Wednesday.

Industrial metals prices are trading higher on international bourses today. We expect a further rise in the prices of metals on account of supply disruptions in major mines. Copper in particular can be bought at dips for the day.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Base metals may rise on supply disruptions in major mines

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login