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Metals X hedges Nifty bets

Creamer Media Senior Deputy Editor: Australasia
Diversified metals miner Metals X has hedged some 1 500 t/m of copper from its Nifty copper operations, in Western Australia, between October 2017 and July 2018. The company said on Thursday that it has taken advantage of the recent increase in copper prices by structuring the hedge programme at no cost, by buying put options and selling call options for the production.

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