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LONDON: Copper prices in London hit a two-year high and tested a major level of $10,000 a metric ton on Friday after BHP Group’s bid for Anglo American put supply concerns in focus and intensified fund buying. London: Anglo American के लिए BHP Group की बोली के बाद आपूर्ति संबंधी चिंताओं पर ध्यान केंद्रित करने और Fund की खरीदारी तेज होने के बाद लंदन में Copper की कीमतें दो साल के उच्चतम स्तर पर पहुंच गईं और Friday को 10,000 Doller प्रति मीट्रिक टन के बड़े स्तर पर पहुंच गईं। Share this news on social media…

The shift comes as forecasters turn increasingly bullish on copper, aluminum and other metals, where long-anticipated production shortfalls are starting to take shape. Many commodities houses also see strong links between metals usage and power markets – another growth area for traders. Share this news on social media…

March was a month where mid-cap were beaten down badly. April till now has shaped up better. Now this flip flop of performance has led to a situation where there is a high probability of investors getting confused about what they should do at this point of time, should one avoid mid-cap space or increase exposure. While it should always be the principle, in times of lack of clarity, buying quality stocks should be basic principles which should guide one’s decision. Especially when one is buying mid-cap stocks. The reason, when valuations are not cheap then small corrections in broader can lead to strong negative reaction in stock prices. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case. Share this news on social media…

Shyam Metalics and Energy Ltd. key Products/Revenue Segments include Steel, Sale of services, Miscellaneous, Export Incentives, Power for the year ending 31-Mar-2023. Share this news on social media…

Export activity pushes up domestic prices Bad weather disrupted domestic scrap movement This week, scrap prices in the UAE surged by $4/tonne (AED 16/t) despite a sluggish market, partly due to recent rains and thunderstorms that disrupted domestic scrap movements in major regions, particularly Abu Dhabi and Dubai. Additionally, better export activities kept domestic scrap trades relatively slow. Share this news on social media…

Rohit Srivastava says: “I have remained cautious on the metal side even though it has done well, simply because of other macro trends that usually keep us on the right side. I am simply observing what is happening on the metal side. But I think there could be an opportunity on the tech side in the weeks ahead.” Share this news on social media…

The fact that China had been making one after another attempt to bring its economy back on track and did not meet with immediate success led to an impression that things will not improve for the metal sector anytime soon. But on Tuesday, when the GDP numbers came out, they were better than expected, against the expected 4.8 % the numbers came at 5.3 % for the first quarter. While this is a quarter number so there can be some skepticism the fact is that over the last two decades, there have been many issues that the Chinese economy has faced, right from debt to GDP concern to shadow banking to property crisis. They all have been resolved and the economy has been able to make a comeback. So, don’t dismiss these numbers. The biggest impact of a sustained Chinese recovery would be felt by one sector, that is metals and probably the street has a hint of it and that is why metal stocks can outperform even in volatile markets. Share this news on social media…