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As On 24-Nov-2017
SENSEX
33,679.24
91.16 (0.27%)
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10,389.70
40.95 (0.40%)
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  • Indian Copper Silent in Evening Trades

    Indian copper was trading quietly in the evening session on the back of lower trading interest. Indian Copper was trading at Rs 444.3 per kg, up 0.21%. The prices have tested a high of Rs 446.45 per kg and a low of Rs 441.15 per kg.

    The International Copper Study Group released its 2017 edition of the Directory of Copper and Copper Alloy Fabricators First Use. For 2016 ICSG confirmed that almost 2.5 million tonnes of new capacity to use refined copper and scrap, mainly in new copper wire rod, was commissioned, but for 2017 the new capacity being commissioned is below 1.3 million tonnes worldwide, mainly but not only in China. The cancellation of copper wire rod projects across China is now a reality of the ongoing industrial restructuring that affected almost 1.8 million tonnes in cancelled, delayed and postponed projects just in the copper wire rod sector, with some new plants idle or producing at low utilization rates in 2017.

    This directory provides a systematic global overview of companies and plants involved in the use of refined copper, copper scrap and copper alloy scrap. The findings of the 2017 edition are very interesting with both new plants and expansions under construction and recently commissioned not only in China but in many regions, in particular in ASEAN, India, MENA, but also plants re-launched and some new capacity in Western Europe and in North America.

    With the slowdown of the fabrication capacity expansion cycle in China expected for 2019, and a peak in overcapacity expected for 2018 for copper wire rod and for some other products, some American, Japanese and even Chinese corporations sold plants in China and other countries to local corporations and are re-investing in new plants and capacities in the Gulf, India, Vietnam and the United States.

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Flash News 24-Nov-2017
  •  ( 15:35) Market settles with modest gains  
  •  ( 14:33) Uber to partner with M&M for electric vehicles in India  
  •  ( 13:45) European stocks edge higher  
  •  ( 11:54) Govt nod for projects worth over Rs 1 lakh cr for Tamil Nadu  
  •  ( 11:52) No proposal to withdraw bank chequebook facility: Govt  
  •  ( 11:31) Zydus gets approval for Minocycline Hydrochloride tablets  
  •  ( 11:22) Winter session of Parliament to be held from 15 December  
  •  ( 10:21) RIL closes Marcellus shale asset sale for $126 million  
  •  ( 09:35) The Markit/Nikkei Japan Manfg. flash Nov PMI rises to 53.8  
  •  ( 08:49) US markets remain shut  
  •  ( 08:47) Ordinance to amend Insolvency & Bankruptcy Code promulgated  
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24 November 2017 00:00
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