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HANOI, March 12 (Reuters) - Copper prices fell in London on
Friday as signs of weakening demand and higher supply pressured
a stunning rally that pushed prices to their highest in nearly
10 years.
Three-month copper on the London Metal Exchange fell
0.5% to $9,016 a tonne by 0258 GMT. The contract has surged 46%
since the beginning of 2020, hitting a 9-1/2-year high of $9,617
a tonne in February.
Yangshan copper premium SMM-CUYP-CN fell to $68 a tonne,
its lowest since Jan. 15, indicating weaker demand from top
consumer China, while inventories have been rising in both LME
and ShFE warehouses. MCUSTX-TOTAL CU-STX-SGH
The premium of LME cash copper over the three-month contract
PLI Scheme To Boost India s Manufacturing Output By USD 520 Billion In 5 Years: PM
Addressing a webinar on Production Linked Incentive scheme, PM Modi said the government is continuously carrying out reforms to boost domestic manufacturing.
PTI 05 March 2021 Twitter PTI 2021-03-05T17:34:41+05:30 PLI Scheme To Boost India s Manufacturing Output By USD 520 Billion In 5 Years: PM outlookindia.com 2021-03-05T17:44:36+05:30
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country s production by USD 520 billion in the next five years.
Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing.
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