Company News Summary
Metals X Advises on Short Term Copper Hedging Strong Australian Tin Prices
Original announcement: Short Term Copper Hedging & Strong Australian Tin Prices
Metals X advised that it has taken advantage of the recent upsurge in copper prices and put in place copper hedges with its banker Citibank. The Company has granted calls at $8,100/t of LME copper and bought puts at $7,500/t of LME Copper for a volume of 1,500t per month from January 2017 to June 2017. The copper hedges will underpin the performance of the Nifty Copper Operations for the first half of 2017.
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