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Copper Mines

China starts work on Afghan copper mine long stalled by war

SHAST BANDARI: Chinese engineers and the Taliban government broke ground in Afghanistan on Wednesday on a project to...

Published 24 Jul, 2024 08:02pm

Business & Finance

Fleet Space Technologies’ ExoSphere to be used for Reko Diq exploration

Fleet Space Technologies of Australia will deploy ExoSphere, an end-to-end mineral exploration solution, to advance...

Updated 11 Jul, 2024 10:37pm

Markets

Copper heads for the LME week with steep weekly decline

LONDON: Copper prices rose in London on Friday, but were heading for their biggest weekly drop in five months due to...

Published 08 Oct, 2023 03:12am

Opinion

Pakistan mineral outlook

Recently, an important conference, ‘Pakistan Mineral Summit’, has been organised in Islamabad by the Petroleum...

Updated 16 Aug, 2023 06:18am

Markets

Shanghai copper set for weekly losses amid economic headwinds

BEIJING: Copper prices in Shanghai nudged up on Friday, amid quiet trading ahead of the US non-farm payrolls report,...

Published 10 Apr, 2023 06:45am

Markets

Copper rises as US markets shrug off Omicron fears

LONDON: Copper prices rose on Thursday as strong U.S. economic data and rising U.S. stock markets drew attention ...

Published 03 Dec, 2021 04:31am

Markets

Copper slips on worries about Chinese demand after trade data

Three-month copper on the London Metal Exchange shed 0.9% to $9,864 a tonne in official trading after rising by 1.7% on Friday.
Hansen said if prices extended their retreat, they would likely head towards the 50-day moving average around $9,655.

Published 07 Jun, 2021 06:10pm

Markets

Copper clings to gains as factory activity points to global economic recovery

Benchmark copper on the London Metal Exchange was barely changed at $10,240 per tonne .
Copper, mainly used in the power and construction industries, is seen as a sensitive gauge of the health of the global economy.

Published 01 Jun, 2021 06:28pm

Business & Finance

Canada's First Quantum sells Australia nickel mine stake to POSCO for $240mn

First Quantum said it and Posco have also agreed to evaluate a strategic partnership to produce battery precursor materials from production at the mine.
Ravensthorpe is a large-scale, open pit nickel and cobalt operation located in Western Australia. Nickel production last year was 12,695 tonnes.

Published 19 May, 2021 08:04pm

Business & Finance

Zambia denies report it shuttered Konkola Copper Mines

"There is no point at which production has been halted or even stopped; there has been continuous production throughout."
Zambia handed control of KCM to a provisional liquidator in May 2019, triggering an ongoing legal dispute with Vedanta.

Published 06 May, 2021 05:12pm

Markets

Copper edges higher on expected demand from climate push

Three-month copper on the London Metal Exchange was up 0.1% at $9,455.50 a tonne by 1010 GMT, recovering after touching an intraday low of $9,385.
"Days like today when there is no major news flow, some people are saying copper and aluminium are both looking quite pricey, so why not take some profits out of this stellar run that we've had," he said.

Published 22 Apr, 2021 05:30pm

Markets

Copper retreats

LONDON: A rally in copper prices towards 10-year highs paused on Tuesday as rising coronavirus infections pulled...

Published 21 Apr, 2021 03:21am

Markets

Copper market: Funds continuing to cut long exposures

LONDON: Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices...

Published 21 Apr, 2021 03:21am

Markets

Bullish sentiment propels copper to six-week high

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.

Published 15 Apr, 2021 08:21pm

Markets

China's Jan-Feb copper, tin ore imports from Myanmar fall amid unrest

China Jan-Feb tin concentrate imports from Myanmar -26.5% y/y.
Feb copper cathode imports plunge 55% y/y after mine protests.
No mixed rare earth carbonate imports; oxide imports rise.

Published 20 Mar, 2021 09:55pm

Markets

Copper climbs

LONDON: Copper climbed on Wednesday on indications of higher demand for the metal, though gains were capped by ...

Published 18 Mar, 2021 03:56am

Business & Finance

Chile's Codelco gets regulatory nod to extend life of Radomiro Tomic mine

Thanks to the incorporation of new mining resources, it will be possible to extend it for seven more years from 2023.
The next five years will not be easy for Radomiro Tomic because of the deterioration in our mining assets, so it is key we continue to be austere, innovative and more productive.

Published 16 Mar, 2021 09:42pm

Markets

Copper slips on profit-taking, but holds near 9-year peak

Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
"The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."

Published 17 Feb, 2021 06:40pm

Markets

Copper hits highest since 2012 on inflation concerns and healthy demand

Three-month copper on the London Metal Exchange (LME) was up 0.2% at $8,349.50 a tonne.
The upper bound of that channel is $8,700, so there's another $300 and that's going to be the next target for copper.

Published 15 Feb, 2021 07:38pm

Markets

Copper at one-month high on stimulus hopes, soft dollar

Three-month copper on the London Metal Exchange (LME) added 1% to trade at $8,118 per tonne.
Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs.

Published 09 Feb, 2021 05:25pm

World

Zambian court denies Vedanta attempt to halt Konkola Copper Mines split

The ruling is a blow to the Indian-owned mining company which has said it would fight any attempt by Zambia to sell KCM to third parties.
Lungu said the order that instated him as provisional liquidator set out powers including the ability to split and sell the company.

Published 01 Feb, 2021 06:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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