New Delhi, Feb. 5 -- State-owned Hindustan Copper witnessed another round of selling pressure in Thursday's session, with the stock falling 6% to the day's low of Rs.577.60 apiece, as the sell-off in the counter deepened amid a twin blow of falling copper prices and a strengthening US dollar.
Copper prices joined a broader rout across asset classes, including precious metals, with benchmark three-month copper on the LME dropping another 1% to $12,925 a ton on concerns over rising supplies from China.
On Tuesday, copper had surged nearly 4.55% in its best one-day gain since November 2022, driven by a broad rebound in metals after a historic drop. However, rising inventories have tested demand for the red metal, which is widely used in co...
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