Author: Drishya Yadav
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India: Copper prices rise d-o-d to follow rally in LME futures
Indian copper prices increased by up to INR 12,000/t d-o-d today to hit a 7-month high level. Current prices- Armature scrap: INR 6,87,000/t. Secondary rods (8mm): INR 740,000/t Primary rods (8 mm): INR 800,000/t Prices are exw-Delhi. A sharp rise in LME futures supported local prices. Meanwhile, there are few sellers who have held back…