Billionaire Anil Agarwal plans to invest $5.9 billion over the next three years across his oil production and metals businesses in India, predicting a positive turn in the commodity cycle.
- Reuters•11 days ago
A plan by Zambia to put a duty on copper concentrates imports could put a kink in the global supply chain for the metal, industry sources said, by forcing neighbouring Democratic Republic of Congo (DRC) to send surplus mine output elsewhere. The 7.5 percent duty announced earlier this month and due to come into force at the start of 2017, is likely to disrupt supply of refined metal in the early part of the year, just as the global market moves away from surplus, helping to support prices. Zambia, Africa's second-largest copper producer, will produce about 425,000 tonnes of copper metal this year, according to consultancy GFMS, accounting for about 2 percent of global output.
- Reuters•13 days ago
Zambia's copper production is expected to increase by 4 percent to 740,000 tonnes this year, the Chamber of Mines in Africa's second-largest producer of the metal said on Wednesday. A government forecast in February indicated Zambia's copper production will be around 700,000 tonnes this year and next year before rising to 1 million tonnes in 2018. "The projected output for this year is not less than 740,000 tonnes of copper," Ng'andwe told Reuters.
VED.L : Summary for VEDANTA RESOURCES PLC ORD USD0. - Yahoo Finance
Vedanta Resources plc (VED.L)
LSE - LSE Delayed Price. Currency in GBp
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|Bid||902.50 x 22400|
|Ask||903.50 x 40000|
|Day's Range||882.50 - 904.50|
|52 Week Range||195.16 - 904.50|
|PE Ratio (TTM)||-158.31|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|