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Copper drops by Rs. 5.5 and now costs Rs. 611 per kg, expected to rise soon

Copper drops by Rs. 5.5 and now costs Rs. 611 per kg, expected to rise soon

The prices for copper have gone low by ₹5.5 or 0.89% in the market making the metal cost ₹611.40 per kg.
Inspite of getting support from the LME and SHFE, and the strong demand in Chinese markets the stocks have fallen to a low since 2011. It is expected that the metal will rise on the market considering the quick recovery of the United States, Europe and China during the pandemic.

Sanika Abhyankar

Sanika Abhyankar is a Mass Media and Communication student at Ruia College, Mumbai. Sanika is keen on pursuing International Affairs in the near future. She is an optimist who loves to debate and is fond of watching romantic comedies. She is also a fashion enthusiast. Sanika is currently working as a Journalist at India Shorts and can be contacted through sanikaapersonal@gmail.com