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Aluminium may substitute copper on price volatility
All the base metals on the London Metal Exchange continue to rise higher and higher, aided principally by the growing investor support, improving global economic sentiment and inflation in smelter operational costs. At this point, with investors deciding to pin their faith on positives like good showing by China and India; and Euro zone breaking out of recession and not to be bothered by still wobbling US economy, copper is bid at $7,454 a tonne and aluminium at $2,293 a tonne, for ready delivery.
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Talks on Telangana after things calm down: Khurshid

The Centre will initiate talks on Telangana after situation calms down in Andhra Pradesh as any move by it now will "ignite things further", Minister of state for Minority Affairs Salman Khurshid said today. - Cracks in Cong over Telangana out in the open - LS disrupted as TDP MPs oppose Telangana - Cong MP on hunger strike for united AP - Cong in "go slow" mode to defuse Andhra crisis - Telangana turmoil hits minor impact on state IT sector - GSK arm resumes Andhra operations "Nothing has been decided as of now. Talks on Telangana will follow once things calm down," he said. Replying to queries, he said here that emotions were "raw and running high". "If the Centre says anything now, it will ignite things further." Keeping that in mind, the Andhra Pradesh assembly has been adjourned sine die, he added. With political parties and the Andhra Pradesh Cabinet deeply divided on the proposal for creation of a separate state of Telangana, the Centre yesterday sought to cool tempers saying it wanted to take "everyone on board".


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