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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 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

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

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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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