Copper, enjoying much superiority over any other metal in electrical and thermal conductivity and also ductility, is today about four times as expensive as aluminium.
There has been a sharp rise in import of silver in Gujarat for the year 2011-12 compared to the previous year owing to better returns on investments in the precious metal.
Protesting the decision of the state government to impose VAT (value added tax) at an enhanced rate of 5 per cent on textiles and sugar, the traders in the state have threatened to stop importi...
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose to their highest in nearly a decade, data showed yesterday, suggesting oversupply in top copper consumer China where demand has been slower than expected.
The 6,000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and a further rise is unlikely in the near future.
Gold traders are the most bullish in two months after mainland China imported the most metal ever from Hong Kong and investors bought US bullion coins at the fastest pace in more than two years.
Essar Group today said it has emerged as a leading iron ore reserves owner in North America with confirmation that its Minnesota Project contains 1.77 billion tonnes of reserves.
Starting the week on a bearish note on Monday by extending losses for the second straight session, silver fell Rs 50 to Rs 52,500 a kg on sustained selling by stockists on subdued demand. However, gold held steady at Rs 28,040 per 10 grams in restricte...
Palladium, used mostly in catalytic converters for vehicles, beat most other commodities this week after US car sales expanded at the fastest pace in more than two years.
