SMEs feel the heat as copper prices hit the roof - The Hindu BusinessLine
SMEs feel the heat as copper prices hit the roof February 20, 2021 × The sharp spike in the benchmark LME (London Metal Exchange) copper prices to $8,806 a tonne from $7,755 from start of this month has put scores of small and medium enterprises in a tizzy — particularly when the demand is reviving slowly after the Covid impact. In fact, copper prices have jumped 24 per cent from $6,702 a tonne logged in October. Notwithstanding the unprecedented rally, Citigroup expects copper prices to touch $10,000-12,000 a tonne given the huge demand-supply gap globally. Vijay Aggarwal , Director, Sol...
Source: thehindubusinessline.com