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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sterlite Ind.I. Adr/4 IR1 | NYSE:SLT | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.22 | 0.00 | 01:00:00 |
Copper prices have jumped up recently as positive government news has improved the economic outlook. A government announcement that unemployment rates have decreased helped send the metal higher. Copper prices tend to respond well to positive economic news as it is used in a number of building and infrastructure applications. And with higher copper prices, companies like Freeport-McMoRan Copper have seen their share prices on an uptrend. www.rothmanresearch.com provides technical analysis and free downloadable research report on Freeport-McMoRan Copper & Gold Inc. by signing up now at
http://www.rothmanresearch.com/article/fcx/23927/Aug-30-2010.html
www.rothmanresearch.com is a source for investors seeking free information on the copper industry; investors and shareholders of Freeport-McMoRan Copper & Gold Inc., Sterlite Industries India Ltd. and other companies in this industry are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
Outside the US, the news is also good for copper, as continued demand in China may help to keep orders up. The reduction of copper stockpiles is also a positive, as LME warehouse figures have reported a drop of over 25 percent since February. As demand increases and supply runs short the price of copper may be affected.
While the news is a plus for copper mining companies, it by no means suggests that the industry is free from the fluctuating global economy that has been influencing prices over the recent past. Maintaining strong growth may also prove challenging as Sterlite Industries India Ltd. could state after having recently been facing legal battles over mining rights and environmental issues in Orissa, India.
www.rothmanresearch.com provides technical analysis and free downloadable research report on Sterlite Industries India Ltd. by signing up now at
http://www.rothmanresearch.com/article/slt/23929/Aug-30-2010.html
Companies looking for additional media or advertising services can call Blue Chip IR at 1-917-267-8836
About Rothman Research
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