Copper prices have touched USD10,100 per tonne levels after 10 years. In India, shares of Hindustan Copper Ltd and Hindalco have beaten the benchmark by gaining 577% and 219%, respectively in the past year. Is there a super cycle in metals where prices continue to move up? Analysing the global economy, driven by China, could present some answers.
All that glitters is not gold…Some might be copper too.‘Doctor’ Copper – as is the base metal commonly referred to – peaked at USD10,724 per tonne on the London Metal Exchange (LME) last week. It has run up by 44% in the last six months and by almost 90% in the past one year. The levels of USD10,100 per tonne, last seen in 2011, was witnessed again after 10 years of hovering between USD4,000 and USD7,000 per tonne.The Indian copper market
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