Commodities
Indian Copper Cathode Market Remains Firm Amid Global Price Rise
India's copper cathode market remained firm due to higher global benchmarks and strong domestic demand. The London Metal Exchange (LME) copper price rose 2.7% to $14,618/tonne in August.
Domestic prices also increased, with ex-Ahmedabad cathode prices rising by INR 18,000/t, or 1.3%, to INR 1,408,000/t from INR 1,390,000/t.
India's refined copper production hit an all-time monthly high of 72,000 t in July, supported by higher smelter output and Kutch Coppers ramp-up.