Copper hits near 7-year high on vaccine hopes, fund buying Three-month copper on the London Metal Exchange was up 1.3% to $7,398 a tonne. The metal, widely used in power and construction industries, has rallied about 70% since its March lows. Updated 26 Nov, 2020 10:33pm
Markets China demand, vaccine optimism propel copper to 7-year peak Benchmark copper on the London Metal Exchange was up 0.1% at $7,299 a tonne. The vaccine has given everything a lift, China has announced many new construction projects. Published 26 Nov, 2020 12:48am
Markets Vaccines, China demand and dollar drive copper to 30-month peak Benchmark copper on the London Metal Exchange (LME) rose 1.7% to $7,297 a tonne. Positive information coming through on vaccines reduces some of the uncertainty created by the virus. Published 25 Nov, 2020 12:52am
Markets Copper hits 2-1/2 year high on upbeat China data Three-month copper on the London Metal Exchange was up 2.1% to $7,128.50 a tonne in official trading. The strong macro China data is giving copper another ride higher and it reinforces the view that China's demand recovery is holding its shape. Published 16 Nov, 2020 07:45pm
Markets Copper prices cling to vaccine hopes Moderna Inc said on Wednesday it had enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine, Three-month copper on the London Metal Exchange (LME) added 0.6% to $6,925 per tonne. Published 12 Nov, 2020 06:36pm
Markets Copper pushes towards two-year highs as dollar falls further Benchmark three-month copper on the London Metal Exchange (LME) was up 1.4% at $6,946.50 a tonne in official trading. "The copper market looks rather strong from a fundamental point of view," said Julius Baer analyst Carsten Menke. Published 06 Nov, 2020 07:22pm
Markets Copper hits lowest in almost 3 weeks on nail-biting US election Three-month copper on the London Metal Exchange was down 1.3% at $6,726 a tonne. Copper has rebounded 54% since March, bolstered by a strong recovery from the COVID-19 pandemic in top metals consumer China. Published 04 Nov, 2020 06:30pm
Markets China manufacturing data supports copper prices Benchmark copper on the London Metal Exchange was up 0.2% at $6,729 a tonne. China dominates copper demand, economic activity is back to normal so more stimulus is unlikely. It would be difficult to justify higher prices. Published 02 Nov, 2020 05:48pm
Markets Copper slides as demand concerns resurface There has been an astounding deterioration in the coronavirus situation pretty much around the world, with the Far East being a notable exception. "If Trump wins, metals could sell off because things will stay tense with China." Published 29 Oct, 2020 05:59pm
Markets Copper plunges as investors brace for coronavirus lockdowns Stock markets plunged and the dollar strengthened as Germany and France prepared to announce new restrictions. We're talking about potential new lockdowns in Europe, with cases just galloping. It's really hitting markets in the stomach. Published 28 Oct, 2020 07:56pm
Markets Copper ticks higher on bargain hunting, but more losses expected Volumes were light as investors waited for results from a meeting this week on China's new five-year plan. I think there is more downside for copper, and the biggest risk for metals right now is a stronger dollar due to uncertainty building on many fronts, Published 27 Oct, 2020 05:38pm
Markets Copper falls for third session on profit-taking, COVID worries Copper tracked a pullback in wider financial markets that were also eyeing the launch of an assembly in China. Last week copper broke through the $7,000 level for the first time in 28 months during an online LME Week. Published 26 Oct, 2020 05:29pm
Markets Copper drifts lower as investors question recent rally Benchmark copper stormed to $7,000 a tonne on Wednesday, its highest in 28 months and up more than 50% since late March. Three-month copper on the London Metal Exchange (LME) fell 0.4% to $6,897.50 a tonne in official trading. Published 23 Oct, 2020 06:25pm
Markets Lower dollar helps copper head towards 27-month peak Surging coronavirus infections in Europe a worry. Concerns about wider disruptions in Chile support copper. Published 20 Oct, 2020 06:42pm
Markets Copper extends gains on China demand hopes, supply risks Three-month copper on the London Metal Exchange was up 0.3pc at $6,769 a tonne by 0703 GMT, extending gains to a third session. Published 16 Oct, 2020 04:50pm
Markets Copper eases on worries about rising virus cases and global growth Global stocks and oil prices also fell as governments across Europe tightened restrictions to battle accelerating virus infections. Published 15 Oct, 2020 06:13pm
Markets London copper rises for 5th day on hopes of China demand, US stimulus China will invest close to $900 billion over the next five years to develop the country's power grids, state media reported. Published 12 Oct, 2020 04:40pm
Markets Copper slips as China absent from market The contract touched its highest since Oct. 1 on Wednesday at $6,710 a tonne on expectations of improving growth and robust demand. Published 08 Oct, 2020 05:57pm
Markets Demand optimism boosts copper, end to US stimulus talks weighs Benchmark copper on the London Metal Exchange was up 0.3pc at $6,548 a tonne at 1015 GMT. Published 07 Oct, 2020 04:07pm
Markets Copper dips as global volatility shakes investors' confidence Three-month copper on the London Metal Exchange declined 0.6pc to $6,512 a tonne by 0726 GMT. Published 05 Oct, 2020 04:55pm
Markets Copper hits over one-week high on softer dollar, US stimulus hopes Three-month copper on the London Metal Exchange was up 0.3pc at $6,692 a tonne by 0652 GMT. Published 01 Oct, 2020 04:22pm
Markets Copper dips on economic worries, rising inventories LME copper stocks surged by nearly 30,000 tonnes to 165,600, data showed on Wednesday, and have more than doubled over the past week. Published 30 Sep, 2020 03:13pm
Markets Copper gains capped by long-term prospects, higher stocks Premium for cash over 3-month copper reverses to a discount. Eyes on surveys of China's manufacturing sector. Published 28 Sep, 2020 11:23pm
Markets Copper set for first weekly loss in seven on dollar strength Three-month copper on the London Metal Exchange rose 1pc to $6,591.50 a tonne by 0704 GMT. Published 25 Sep, 2020 04:40pm
Markets Copper declines on robust US dollar, virus worries China remained a net importer of aluminium for a second consecutive month, with August imports surging eightfold from a year earlier. Published 24 Sep, 2020 04:26pm
Markets Copper edges down as US dollar strengthens The premium of ShFE cash zinc over LME cash zinc rose to $201.04 a tonne, its highest since January 2019. Published 23 Sep, 2020 05:13pm
Markets China demand, historically low stocks boost copper Copper should remain supported in the mid $6,000s. Much of the risk in the short term comes from non-copper specific factors. A lower US currency makes dollar-priced metals cheaper for holders of other currencies, which could boost demand. Published 11 Sep, 2020 05:32pm
Markets Copper withers on doubts about further gains, ECB meeting LME lead stocks hit highest since June 2018. Lead price sinks to one-month low. Published 10 Sep, 2020 05:53pm
Markets Copper extends gains on recovery hopes, inflation worries The extended V-shaped recovery is certainly continuing in copper. The market is focusing on the manufacturing data, Copper is often regarded as a bellwether of the global economy due to its extensive industrial uses. Published 02 Sep, 2020 05:53pm
Markets Copper rises towards two-year high as inventories fall, shares gain Benchmark copper on the LME was up 0.8% at $6,584 a tonne in official trading, approaching a high of $6,707 reached on Aug. 19. Expectations that inflation will rise are also helping metals, which as hard assets can serve as an inflation hedge, he said. Published 26 Aug, 2020 06:20pm
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