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Weekly Copper Review: Sentiments Mixed

Weekly Copper Review: Sentiments Mixed

December 04, 2021 1:24 IST | capital market
COMEX Copper futures fell to a two week low of $4.20 per pound amid sustained selling pressure in world equities. However, very tight inventories on LME provided some buying support to the metal. Traders also eyed conditions in global manufacturing sector. The J.P.Morgan Global Manufacturing PMI- a composite index produced by J.P.Morgan and IHS Markit in association with ISM and IFPSM - edged down to 54.2 in November, little-changed from readings achieved in the prior three months. The headline PMI has now signalled improvements in business conditions for 17 consecutive months. This pulled up the metal towards $4.30 per pound.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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