JULY 31 THURSDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 338 TO 347

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 340, S2 RS 338, S3 RS 335

R1 RS 344.60, R2 RS 347, R3 RS 350.30

PREFER LONGS AT RS 339 LEVELS

STOP LOSS RS 335

TARGET RS 350

Copper Rises on Concern Mexican Output Won't Rebound .

Copper jumped on renewed concern that supplies from

Mexico won't recover anytime .

Copper futures for September delivery gained 5.55 cents,

or 1.6 percent, to $3.646 a pound on the Comex division

of the New York Mercantile Exchange.

Copper has jumped 20 percent this year as labor unrest,

deteriorating ore quality and other supply disruptions

reduced mine output.

Europeans' confidence in the economic outlook dropped the

most since the Sept. 11 terrorist attacks. U.S. mortgage

applications slumped to the lowest level since December

2000, dimming prospects for homebuilders, the biggest

users of copper. Before today, the metal fell 16 percent

from a record $4.2605 in May.

Crude oil gained as much as 4.3 percent today. The price has

surged 65 percent in the past 12 months.

On the London Metal Exchange, copper for delivery in three

months rose $99, or 1.3 percent, to $8,030 a metric ton

($3.64 a pound). The price reached a record $8,940

a ton on July 2.

JULY 30 WEDNESDAY

SHORT TERM TREND : BEARRISH : TARGET RS 332

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 335, S2 RS 332, S3 RS 328

R1 RS 338.50, R2 RS 340.70, R3 RS 343

PREFER SHORT AT RS 338.50 TO 338.70

STOP LOSS RS 341

TARGET RS 333

US copper futures end lower as dollar, oil weigh.

U.S. copper futures ended down on Tuesday, as a strong

dollar and broader weakness in the energy and precious

metals complexes dragged the industrial metal down

in tow.

Copper for September delivery HGU8 settled down

2.15 cents at $3.5905 a lb on the the New York

Mercantile Exchange's COMEX division.

Copper for September delivery settled down 2.15 cents at

$3.5905 a lb on the the New York Mercantile

Exchange's COMEX division.


* The session range ran from $3.5580 to $3.6270.

* The dollar surged to a one-month high on the back of

a sharp drop in crude oil prices and an unexpected rise

in U.S. consumer confidence in July.

* Copper, a key component in the home construction

sector, under additional pressure from data showing

home prices in 20 U.S. metropolitan areas fell at

a faster pace in May.

* Steady upticks in London Metal Exchange (LME) warehouse

stocks underscore market's concerns about waning global

demand growth.

* LME copper stocks rose by 675 tonnes to 136,725 tonnes on Tuesday.

* COMEX copper stocks were flat at 7,123 short tons on Monday.

* On the labor front, workers at Chile's new Gaby mine,

owned by world No. 1 copper miner Codelco, have reached

a collective labor deal with the state giant.

LME copper for delivery in three-months ended down $50

at $7,945 a tonne from Monday's closing level.

JULY 29 TUESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 337 TO 345

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 337.30 , S2 RS 335, S3 RS 332

R1 RS 342 , R2 RS 345, R3 RS 348

Copper Rises in N.Y., Erasing Loss, as Oil, Dollar Lift Demand .

Copper rose in New York as a weaker dollar and higher

energy prices boosted demand for commodities as a

hedge against inflation.

Copper futures for September delivery increased 0.7 cent, or

0.2 percent, to $3.612 a pound on the Comex division of the

New York Mercantile Exchange. Most-active futures still

dropped 1.9 percent in the past five sessions.

Copper fluctuated between rising and falling today as traders

weighed inflation concerns with an outlook for slowing global

growth. Most-active futures gained as much as 0.8 percent

and lost as much as 0.5 percent.

Crude-oil futures for September delivery fell as much as 0.5

percent in New York before climbing later in the session.

The U.S. Dollar Index, a weighted gauge that includes the

euro and yen among six major currencies, fell as much

as 0.3 percent.

Rising stockpiles also weighed on the metal today. Inventories

monitored by the London Metal Exchange gained 1.9 percent

to 136,050 metric tons, the highest since March 5.

On the LME, copper for delivery in three months gained $39,

or 0.5 percent, to $7,995 a metric ton ($3.63 a pound).

The price reached a record $8,940 on July 2.

JULY 25 FRIDAY

SHORT TERM TREND : BEARISH : TARGET RS 328

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 333, S2 RS 330, S3 RS 328

R1 RS 337, 340.20, R3 343.60

PREFER SHORT AT RS 336.50 TO 337

STOP LOSS RS 340.20

TARGET RS 330

US copper hits to 6-week low on weak growth outlook .

The price of copper tumbled to a six-week low in New

York futures trade on Thursday as liquidation pressures

mounted in the face of a stronger dollar and global

economic growth concerns.

Copper for September delivery settled down 8.05 cents or

2.2 percent at $3.5770 per lb on the the New York Mercantile

Exchange's COMEX division. Earlier, it bottomed at $3.5550

which marked its lowest level since June 13.

Technical support in September contract pegged at its

200-day moving average at around $3.53, and then at $3.50.

Copper weakens on global economic concerns after

German data showed business confidence declined to

its lowest level in almost three years.

A steeper-than-expected drop in U.S. existing home

sales in June adds to the red metal's downside pressures

as concerns grow about the impact of the U.S. housing

slump on economic growth.

The dollar rose to a two-week high against the euro,

denting copper's appeal as an alternative investment.

London Metal Exchange inventories jumped 1,425 tonnes

to 130,875 tonnes on Thursday.

COMEX copper stocks fell by 156 short tons to 7,167

short tons on Wednesday.

LME copper for delivery in three-months ended down $180

at $7,900 a tonne from Wednesday's closing level.

Earlier, it hit a 6-week low at $7,887.

JULY 24 THURSDAY

SHORT TERM TREND : BEARISH : TARGET RS 336

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 338, S2 RS 336, S3 RS 333

R1 RS 344.20, R2 RS 346, R3 RS 348.70

PREFER SHORT AT RS 343.80 TO 344

STOP LOSS RS 346

TARGET RS 338

Copper Drop in London as Stronger Dollar Curbs Appeal .

Copper fell to five-week lows in London as a stronger dollar

dulled metal's appeal as an alternative investment.

Copper for delivery in three months fell as much as $105, or

1.3 percent, to $8,025 a metric ton, the lowest intraday price

since June 17. The contract traded at $8,057 a ton as of

3:52 p.m. London time. Aluminum dropped as much as $42,

or 1.4 percent, to $2,993 a ton, worst since June 17.

A stronger U.S. currency discourages holders of other

monies to buy dollar-denominated commodities, which

become more expensive to them.

JULY 23 WEDNESDAY

SHORT TERM TREND : SIDEWAYS : TARGET RS 344 TO 350.50

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 344, S2 RS 341, S3 RS 338

R1 RS 349.80, R2 RS 352, R3 RS 356

MARKET IS EXPECTED TO MOVE SIDEWAYS.

Refined copper imports by China, the world's largest user,

declined for a second month in June as higher overseas prices

deterred buyers and demand from processors eased during

the summer slowdown. Imports fell to 75,707 tons, down

20 percent from the previous month, and 30 percent lower

from a year ago, according to customs data.

LME copper added $105, or 1.3 percent, to $8,228 a ton as

the dollar traded near a record low against the euro, boosting

the metal's appeal as an alternative asset.

JULY 22 TUESDAY

SHORT TERM TREND SIDEWAYS ; TARGET RS 342 TO 356

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 346, S2 RS 344, S3 RS 341

R1 RS 350.50, R2 RS 352, R3 RS 354

US copper futures end up on broader metals strength.

U.S. copper futures settled with modest gains on

Monday, with a weaker tone in the dollar and

surrounding market strength providing mild support.

Copper for September delivery closed up 1.20 cents at

$3.6810 a lb on the the New York Mercantile Exchange's

COMEX division.

Copper edges up on back of rebounding U.S. crude oil futures

and strength in the broader metals complex.

Copper gains buck lessened supply threats from Peru,

the world's No. 2 producer.

London Metal Exchange (LME) inventories rose by 175

tonnes to 128,725 tonnes on Monday.

COMEX copper stocks declined 157 short tons to 7,700

short tons on Friday. Inventories are down over 30 percent

since the start of the month.


LME copper for delivery in three-months MCU3 ended at

$8,120 a tonne from $8,080 at the close on Friday.

JULY 18 FRIDAY

SHORT TERM TREND : BEARISH: TARGET RS 338

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 345, S2 RS 342, S3 RS 339

R1 RS 350.60, R2 RS 353, R3 RS 357

PREFER SHORTS AT RS 350 TO 350.50

STOP LOSS RS 353.60

TARGET RS 344

Economic optimism boost US copper to firmer close.

U.S. copper futures gained nearly 2 percent by the close

Thursday after a surprisingly big jump in U.S. June housing

starts and an overall positive tone on Wall Street gave a

hint of economic optimism.

* Copper for September delivery ended up 6.45 cents or 1.8

percent at $3.7150 a lb on the the New York Mercantile

Exchange's COMEX division.

* Copper up in technical rebound from Wednesday's slide

to one-month low at $3.6305 .

* Copper rallies further on data showing a 9.1 percent jump

in U.S. housing starts for the month of June, although the total

was pushed higher by a change to construction codes in

New York City.

* The copper market recorded a deficit of 159,000 tonnes in

the first five months compared to a deficit of 42,000 tonnes

for the January to April 2008 period .

* Chinese imports of refined copper and copper alloy fell

17 percent in June from May.

* London Metal Exchange (LME) warehouse stocks

jumped 2,200 tonnes to 127,900 tonnes on Thursday.

* COMEX copper stocks declined 160 short tons to

7,969 short tons on Wednesday. Inventories are

down nearly 28 percent from the start of the month.

* LME copper for delivery in three-months ended at

$8,160 a tonne, up $80 from Wednesday's close.

JULY 16 WEDNESDAY

SHORT TERM TREND : BEARISH : TARGET RS 348

LONG TERM TREND : BULLIISH : TARGET RS 405

S1 RS 350.30, S2 RS 348, S3 RS 345

R1 RS 354, R2 RS 357, R3 RS 359

PREFER SHORT AT RS 353.50 TO 354

STOP LOSS RS 357

TARGET RS 348

US copper futures end down on weak demand outlook.

U.S. copper futures ended lower Tuesday with economic jitters

and weakening demand trends in China, the world's leading

consumer, sparking another round of losses in the industrial

metal.

Copper for September delivery fell 5.20 cents, or nearly 1.4

percent, to close at $3.70 a lb on the the New York Mercantile

Exchange's COMEX division.

Copper under pressure from economic growth concerns after

Federal Reserve Chairman Ben Bernanke told Congress that

a weakening housing market, tighter credit conditions and

rising oil prices threaten the economy.

* Waning Chinese consumption trends for the first half of the

year provide further downward pressure on complex.

* Copper's inability to strengthen in the face of a weaker

dollar signals further liquidation pressures ahead due

to the weaker state of physical demand - Steve Platt,

futures analyst with Archer Financial Services.

* In currencies, the dollar sank to a record low against

the euro as concern about the health of the U.S. financial

sector continued to weigh on investor sentiment.

* A weaker American currency makes dollar-denominated

assets like copper more attractive for non-U.S. investors.

* Copper supported by labor unrest in South America.

* London Metal Exchange warehouse stocks rose 325

tonnes at 125,050 tonnes on Tuesday.

* COMEX copper stocks were down 616 short tons

to 8,421 short tons on Monday.

LME copper for delivery in three-months ended down

$140 at $8,145 a tonne from Monday's settlement.

JULY 15 TUESDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 351 TO 358

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 353, S2 RS 350, S3 RS 347

R1 RS 358, R2 RS 361, R3 RS 363

MARKET IS EXPECTED TO MOVE SIDEWAYS.

US copper ends up on back of broad metals strength.

U.S. copper futures closed slightly higher Monday, with

surrounding strength in the broader complex providing

a mild boost to the red metal still weathering the effects

of an early-July collapse from $4 a lb, brokers said.

* Copper for September delivery ended up 1.20 cents at

$3.7520 a lb on the the New York Mercantile Exchange's

COMEX division.

* The session range tightened to $3.7105 to $3.7820.

* Copper's volatile price action led by fluctuations in the U.S.

dollar, which managed to claw back from a near-record low

against the euro after the U.S. government announced an

emergency plan to restore investor confidence in mortgage

giants Fannie Mae and Freddie Mac .

* A weaker American currency makes dollar-denominated

assets like copper more attractive for non-U.S. investors.

* Copper supported by labor unrest in South America,

where miners are threatening a national strike unless the

government opens a debate by year-end about

nationalizing resources again.

* London Metal Exchange warehouse stocks were up 600

tonnes to 124,725 tonnes on Monday.

* COMEX copper stocks stood even at 9,037 short tons on Friday.

* Noncommercial investors, or speculators, trimmed their net

long position in COMEX copper futures by 900 lots in the week

ended July 8, as prices pulled back sharply from a test of the

$4 mark.

* LME copper for delivery in three-months settled up $15 at

$8,285 a tonne from Friday's closing level.

JULY 12 SATURDAY

Copper Climbs in New York as Stockpiles Fall, Peru Strike Nears .

Copper rose as falling inventories and labor unrest in Peru

increased concern that supplies may trail demand this year.

Stockpiles monitored by the London Metal Exchange dropped

725 metric tons to 124,125 tons today, and inventories have

slumped 37 percent this year. Freeport-McMoRan Copper

& Gold Inc.'s Peruvian copper-mine workers plan to go on

strike July 16. Before today, copper jumped 22 percent this

year partly boosted by supply concerns.

Copper futures for September delivery rose 1.9 cents,

or 0.5 percent, to $3.7375 a pound at 12:44 p.m. on the

Comex division of the New York Mercantile Exchange.

Copper also gained today as a slump in the dollar boosted

the appeal of commodities as a hedge against inflation.

On the London Metal Exchange, copper for delivery in

three months gained $40, or 0.5 percent, to $8,270 a

metric ton ($3.75 a pound).

JULY 11 FRIDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 350 TO 361

LONG TERM TREND : BULLISH : TARGET RS 405

S1 RS 351, S2 RS 348, S3 RS 346

R1 RS 356, R2 359, R3 361

MARKET IS EXPECTEF TO MOVE SIDEWAYS

At 0952 GMT LME Copper was at $ 8190 a tonne down

0.1 % from Wednesdays Kerb close.

JULY 10 THURSDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 351 TO 362

LONG TERM TREND: BULLISH: TARGET RS 405

S1 RS 353, S2 RS 351, S3 RS 348

R1 RS 359, R2 RS 362, R3 RS 365

MARKET IS EXPECTED TO MOVE SIDEWAYS

Copper Rises for First Time in Four Sessions on

Slumping Dollar .

Copper rose for the first time in four sessions as the

declining dollar spurred demand by investors seeking

a hedge against inflation.

The dollar fell the most in a week against the euro

and dropped against other major currencies. Copper

has surged 23 percent this year, partly as the U.S. currency

fell 7.2 percent against the euro.

Copper futures for September delivery gained 4.25 cents,

or 1.2 percent, to $3.739 a pound on the Comex division

of the New York Mercantile Exchange. The price

tumbled 9 percent in the previous three sessions.

Earlier, copper dropped as much as 1.5 percent after

inventories of the metal jumped the most in seven

weeks, easing supply concerns.

Stockpiles monitored by the London Metal Exchange

climbed 1.8 percent to 124,325 metric tons, the biggest

increase since May 21 and the highest level since May 30.

On the LME, copper for delivery in three months rose $10,

or 0.1 percent, to $8,210 a metric ton ($3.72 a pound).

JULY 9 WEDNESDAY

SHORT TERM TREND : BEARISH: TARGET RS 345

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 350, S2 RS 348, S3 RS 345

R1 RS 356, R2 RS 358.50, R3 RS 361

PREFER SHORTS AT RS 355.50 TO 356

STOP LOSS RS 358.50

TARGET RS 351

US copper ends at 3-week low in technical sell-off

U.S. copper futures closed at their lowest level since

mid-June on Tuesday as the red metal's pull-back

from last week's hurdle of $4 a lb intensified once

key chart points were broken, dealers said.

* Traders said sell-stop orders were triggered below

the 100-day moving average at around $3.76 and the

50-day moving average at around $3.74.

* The market's lack of follow-through through $4 signaled

an element of weakness, with technical indicators all

turning down .

* Copper shrugs off news of a magnitude 6.0 earthquake

in southern Peru after reports surface that mining

operations in the region were unaffected.

* Copper loses some of its fundamental support from the

resolution of a week-long nationwide strike in Peru.

* Uncertain demand signals from China, the world's largest

copper consumer, likely to keep a cap on the red metal's

near-term price potential.

* London Metal Exchange copper warehouse stocks rose

100 tonnes to 122,175 tonnes on Tuesday.

* COMEX copper stocks declined 175 short tons to

10,079 short tons on Monday.

* LME copper for delivery in three-months hit an

intraday low at $8,150.25 a tonne, down 3.1 percent,

before closing at $8,200 versus Monday's settlement

at $8,412.

JULY 8 TUESDAY

SHORT TERM TREND : BEARISH: TARGET RS 362

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 364, S2 RS 362, S3 RS 359

R1 RS 369, R2 RS 372, R3 RS 375

PREFER SHORTS AT RS 368.60 TO 369

STOP LOSS RS 372

TARGET RS 362

US copper futures track oil, gold to weaker finish.

U.S. copper futures ended lower on Monday, extending

a pull-back from last week's surge above $4 a lb, as

profit-taking losses in the energy and precious metals

sectors dragged the red metal down in their wakes,

traders said.

* The session range ran from $3.8030 to $3.9520.

* Technicians peg near-term support in the September

contract at $3.80, with first resistance at $3.90, then

$4.00.

* Last week, the contract peaked at $4.08, its highest

level since the May 5 record at $4.22.

* A retreat in the price of crude oil seen influencing the

broader correction in metals complex .

* Copper runs into additional downside pressure from

receding supply threats in Peru, the world's No. 2

copper producer.

* Peru's largest federation of mining workers decided

on Sunday to end its nationwide strike after nearly one week.

* Copper's upside price potential challenged by slower

seasonal demand factors, highlighted by a sluggish

Chinese presence.

* China is expected to have shipped in 4 percent less

refined copper in June than the previous month, as high world

prices, weak demand and strong domestic copper production

continue to cut the need for imports.

* London Metal Exchange copper warehouse stocks fell by

500 tonnes to 122,075 tonnes on Monday.

* COMEX copper stocks were off 45 short tons at 10,254

short tons on Thursday.

* LME copper for delivery in three-months settled $58 lower

at $8,412 a tonne -- down 6 percent from last Wednesday's

record peak at $8,940.

JULY 4 FRIDAY

SHORT TERM TREND : SIDEWAYS: TARGET RS 374 TO 379

LONG TERM TREND : BULLISH: TARGET RS 405

S1 RS 374, S2 RS 371, S3 RS 368

R1 RS 379, R2 RS 381, R3 RS 385

DUE TO ABSEBNCE OF INTERMATIONAL MARKETS

TRADE WILL BE RANGE BOUND.

US copper slides after weak US jobs, ECB rate talk.

U.S. copper futures gave up a large chunk of their steep

day-earlier gains following Thursday's release of gloomy

U.S. employment data and ECB president Trichet's

comments suggesting European interest rates would

hold steady, which boosted the dollar, traders said.

* Copper for September delivery HGU8 tumbled

11.15 cents or 2.74 percent to $3.9520 per lb on the

the New York Mercantile Exchange's COMEX division.

* Losses extended to $3.9465 from a high of $4.0450

which fell shy of the $4.08 high hit on Wednesday, its

loftiest level since setting the May 5 record at $4.22.

U.S. metal and financial markets will be closed Friday

for the U.S. Independence Day holiday.

* Copper prices were down in early business, but added

to losses once the June employment report showed steeper

declines in new jobs and the number of unemployment

filings surged.

* Traders said may players feared taking long positions

into the long holiday weekend after Wednesday's steep rise.

* U.S. employers cut workers from their payrolls for the

sixth straight month in June for the country's longest

losing streak since 2002, while the unemployment rate

held steady at 5.5 percent, government data on

Thursday showed.

* Adding to copper losses, the euro fell versus the dollar

after European Central Bank President Jean-Claude

Trichet said the current level of European interest

rates would contribute to achieving the bank's

price stability goal.

* On Wednesday, copper prices soared nearly 4.0 percent

to highs last seen on May 5 on heavy short-covering,

due in part to a widening Peruvian miners' strike.

Copper pushed above its key $4.0 a lb level,

traders said.

* Workers at several copper mines in Peru threatened

to join a nationwide strike now in its fourth day, sparking

worries of supply shortages from the No. 2 producer.

* LME copper for delivery in three months MCU3

fell to $8,660 a tonne from $8,720 at Wednesday's close.

It set an all-time high of $8,940 late Wednesday.

JULY 2 WEDNESDAY

SHORT TERM TREND : BULLISH: TARGET RS 377

LONG TERM TREND : BULLISH : TARGET RS 370

S1 RS 370.60, S2 RS 368, S3 RS 365

R1 RS 374, R2 RS 377, R3 RS 381

PREFER LONGS AT RS 370.50 TO 370.40

STOP LOSS RS 368

TARGET RS 374

US copper ends up broad commods strength, eyes $4 .

U.S. copper futures closed higher Tuesday, supported

by strength in surrounding commodity markets and

a continued strike in Peru, the world's second-largest

producer of the red metal.

Copper for September delivery ended up 2.80

cents at $3.9105 a lb on the the New York Mercantile

Exchange's COMEX division.

The session range ran from $3.85 to $3.9245, the contract's

highest level since its May 5 peak at $4.22.

* Copper rides a wave of bullish momentum across

the broader commodity spectrum, tracking the

ongoing strength in crude oil and a firmer gold

future which hit a 2 1/2 month peak.

Copper also up on surprisingly strong U.S. manufacturing

data.

Copper underpinned by ongoing supply threats in Peru.

Workers at several big mines in Peru went on strike

Monday and joined a nationwide walkout, hoping to

pressure Congress to pass a bill that would give

them a greater share of profits from sky-high

metals prices.

* London Metal Exchange (LME) copper warehouse stocks

fell 250 tonnes to 122,350 tonnes on Tuesday.

* LME copper for three-months delivery

touched a two-month high at $8,645 a a tonne, before

ending at $8,610, up $90 from Monday's close.

JULY 1 TUESDAY

SHORT TERM TREND : BULLISH : TARGET RS 372

LONG TERM TREND : BULLISH : TARGET RS 370

S1 RS 364.30, S2 RS 361, S3 RS 358

R1 RS 369, R2 RS 372, R3 RS 376

PREFER LONGS AT RS 364.30 TO 364.60

STOP LOSS RS 361

TARGET RS 369

Copper Gains on Supply Concerns as Mexico, Peru Miners Protest

Copper rose in Asia as protests in mine producing

countries raised concerns that supplies of the metal

used in wires and pipes may be disrupted.

Copper prices have gained 28 percent this year as

strikes at mines in Chile, Mexico and Peru have cut

output. Mexico's largest mining union approved

a one-hour walkout for this week, while miners in

Peru walked off the job yesterday for better pay

and benefits.

Copper for delivery in three months rose as much as $39,

or 0.5 percent, to $8,549 a metric ton on the London

Metal Exchange, and traded at $8,540 at 11:35 a.m.

Singapore time. Copper for September delivery on the

Shanghai Futures Exchange slipped 0.4 percent, to

63,160 yuan ($9,210) a ton by the 11:30 a.m. break.

Mexican miners are protesting the government's refusal

to recognize the re-election of Napoleon Gomez Urrutia

as the group's secretary general.

In Peru, mine workers walked off the job at more than a

dozen sites to pressure Congress to pass laws to increase

their share of profit and improve pensions.