Copper Financial News

A federal judge has dealt another serious setback to the proposed Twin Metals copper-nickel mine near the Boundary Waters Canoe Area Wilderness in northeastern Minnesota

Vedanta Resources Ltd. and Zambian government-owned ZCCM Investments Holdings Plc (ZCCM-IH) have resolved their disputes over a Zambian copper mining complex, Bloomberg reported. The Zambian Konkola Copper Mines (KCM) were placed under provisional liquidation in 2019 by the former Zambian President Edgar Lungu's administration, who accused Vedanta of dishonesty about expansion plans and tax payments, initiating a series of legal battles.

Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The government, which owns a 20% stake in KCM through ZCCM-IH, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than $1.2 billion to increase output and repay outstanding debts, Kabuswe said. A shareholders' agreement is being reworked to make the commitments from both shareholders legally binding, Kabuswe added. The legal details of the agreement and reinstatement of the KCM board, would be finalised within the next three months, the minister said. Ties between Zambia and Vedanta, owned by billionaire Anil Agarwal, soured after former President Edgar Lungu's government orchestrated the seizure of the KCM assets and forced liquidation in May 2019, accusing the Indian company of failing to meet plans to invest in increasing mining output. The forced takeover nearly paralysed operations at the KCM and triggered protracted battles, with Vedanta mounting legal battles including approaching an arbitration court in London to recover the copper assets. «It is not a secret that the asset has deteriorated a great deal and the production output has substantially reduced,» Kabuswe told journalists in Lusaka.

BHEL), Balrampur Chini, Hindustan Copper, The India Cements and Indiabulls Housing Finance. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for BHEL stood at 105.8% on Monday with OI reported by Trendlyne at 100.6 million. It was up 8.8% from the previous session. The MWPL for Hindustan Copper stood at 102.1% with OI reported at 38.1 million.

Investing.com-- Gold prices moved little on Friday, steadying near three-week highs as markets awaited more cues on U.S. monetary policy from nonfarm payrolls data due later in the day, while copper prices rose on positive Chinese factory data.

LIMA (Reuters) -Peruvian miner Minsur has announced an investment of at least $2.25 billion as it expands its copper operations, the country's mining ministry said on Thursday.

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Aditya Birla Group company Hindalco Industries will be investing ₹ 2,000 crore in a copper and e-waste recycling facility, chairman Kumar Mangalam Birla said Tuesday. «Your company is making an investment of Rs.

Delta Corp, Gujarat, Narmada Valley Fertilizers & Chemicals, Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Balrampur Chini has moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL.

Delta Corp Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), Granules India Ltd, Hindustan Copper Ltd, Indiabulls Housing Finance Ltd, India Cements Ltd, Punjab National Bank, SAIL, and Zee Entertainment Enterprises Ltd (ZEEL) are the ten stocks that are a part of the F&O ban list by the stock exchange for Friday. The NSE updates the list of securities in F&O ban for trade everyday.

Investing.com-- Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. 

Investing.com-- Gold prices steadied at one-month lows on Friday as recent data provided somewhat mixed cues on U.S. inflation, while copper prices were nursing steep losses for the week amid growing concerns over top importer China.

By Julian Luk

Delta Corp, Balrampur Chini Mills, Hindustan Copper, and Indiabulls Housing Finance are the five stocks that are a part of the F&O ban list by the stock exchange for Thursday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

Investing.com-- Gold prices steadied near one-month lows on Wednesday as worsening market sentiment and the prospect of more Federal Reserve rate hikes pushed investors into the dollar.

Piramal Enterprises, Hindustan Copper, and Gujarat Narmada Valley Fertilizers And Chemicals Limited are the three stocks that are a part of the F&O ban list by the stock exchange for Friday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high.

Investing.com-- Gold prices kept to a tight range on Monday as investors awaited more major cues on the U.S. economy this week, while copper prices were muted ahead of key economic data from major importer China. 

SANTIAGO (Reuters) -Chile's state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines.

The state of Alaska wants the U.S. Supreme Court to strike down a federal agency’s rejection of a proposed copper and gold mine in southwest Alaska’s Bristol Bay region

Investing.com-- Gold prices kept to a tight range on Wednesday before the conclusion of a Federal Reserve meeting later in the day, while copper prices pulled back slightly after vows of more Chinese stimulus sparked strong gains.