Hindustan Copper Ltd cut provisional prices of copper products by 8.71 per cent effective August 16 to bring them at par with international prices.
The company had last revised its product prices on August 1. With the current revision, the benchmark copper cathode full and cut are quoted at Rs 3,41,700 per tonne and Rs 3,43,100 per tonne respectively.
In the first fortnight of August, copper prices on the London Metal Exchange nosedived 9.71 per cent or $786 to $7310 on August 15 on inventory pile ups.