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| Copper prices on fire: India's import bill could rise by 35% in 2021 | Writer | Admin | |||
|---|---|---|---|---|---|
A combination of factors record high copper prices coupled with aggressive buying by China and the largest copper smelter in India remaining shut for the second year in a row will make copper imports 35% more costly in 2021.
“LME copper prices touched nine years high in January to average $7,961 per tonne. Prices have touched the highest level since 2012 due to supply crunch of copper concentrates caused by disruptions in mining operations due to Covid-19 challenges amidst rising demand, |
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