Copper prices have surged past $13,000 a ton. A renewed rush to ship metal to the US is fueling this rally. This is driven by uncertainty over future US import tariffs. Supply disruptions and underinvestment in new mines are also contributing factors. This situation is creating a squeeze on available metal globally. Investors are showing strong interest in copper.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing