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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, Solis Corporation, said the excess liquidity in the global markets has been driving metal prices on overseas exchange and upsetting the calculation of the domestic industries which work on 2-4 per cent margin.

Tamil naduCity ofUnited kingdomSushil rathodVijay aggarwalHindalco industrieSolis corporationLondon metal exchangeManaging directorAarti flow controlsM prices jumpDuty cutதமிழ் நாடுநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்சுஷில் ரத்தோட்