Rajkot industries struggle with copper price surge, supply uncertainty

Описание: Manufacturing units in Rajkot are facing mounting pressure as copper prices continue to rise and supply uncertainties persist. Industries dependent on the metal, including agricultural equipment makers, cable manufacturers, and imitation jewellery businesses, say fluctuating rates are disrupting operations and pricing strategies.

Traders and industry representatives point to sharp increases linked to global benchmarks on the London Metal Exchange, along with the impact of a weakening rupee on imports.

Businesses warn that rising input costs may force product price hikes, while some manufacturers report declining sales as higher prices affect demand, particularly from the farming community.

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