Trends - copper import - Business Recorder

copper import

Copper edges up on China mortgage rate cut and lockdown easing

LONDON: Copper extended its recovery on Friday on optimism about a revival in demand in top metals consumer China, ...

Published 21 May, 2022 04:34am

Markets

Copper tumbles to 7-month low as slowdown fears rock markets

LONDON: Copper prices tumbled on Thursday to their lowest in seven months and other industrial metals fell as...

Published 12 May, 2022 05:03pm

Markets

Bears tip-toe back into copper market as demand fears grow

LONDON: Copper prices were under pressure Monday morning, with London Metal Exchange (LME) three-month metal falling...

Published 26 Apr, 2022 05:20am

Markets

Copper lifted to two-week peak on China stimulus hopes

LONDON: Copper prices rose to their highest in two weeks on Tuesday, buoyed by hopes that more economic stimulus ...

Published 20 Apr, 2022 05:12am

Markets

Copper touches four-week peak on supply concerns

LONDON: Copper prices touched a four-week high on Tuesday as a fall in output from top producer Chile and pressure...

Published 06 Apr, 2022 05:53am

Markets

Copper rebounds despite Shanghai lockdown

LONDON: Copper bounced on Monday despite worries that spreading COVID-19 infections in top metals consumer China...

Published 29 Mar, 2022 05:49am

Markets

China copper output rises

BEIJING: China’s copper cathode output jumped 5.8% in February from a month earlier, as major smelters ramped up...

Published 12 Mar, 2022 04:08am

Markets

Copper pressured by China demand doubts and rising inventories

LONDON: Copper prices came under pressure on Monday as economic data from top consumer China suggested slowing ...

Published 18 Jan, 2022 04:20am

Markets

Copper under pressure on Omicron uncertainty

LONDON: Copper prices came under pressure on Tuesday due to worries about the Omicron coronavirus variant and its...

Updated 30 Nov, 2021 06:31pm

Markets

Copper hits one-month low

LONDON: Copper prices extended their decline to a one-month low on Tuesday on renewed fears that troubles at...

Published 22 Sep, 2021 03:48am

Markets

Copper prices climb on weak US inflation

LONDON: Copper firmed on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures that softened...

Published 16 Sep, 2021 04:02am

Markets

Copper climbs on weak US inflation, China data caps gains

Three-month copper on the LME rose for the first time this week, climbing 0.7% to $9,505 per tonne

Published 15 Sep, 2021 04:55pm

Markets

Copper dips on demand worries after weak factory data

LONDON: Copper prices slipped on Monday, weighed down by worries about demand after weak factory data from the ...

Published 03 Aug, 2021 04:35am

Markets

Tin near record on supply concerns, nickel jumps to 5-month high

Benchmark tin on the London Metal Exchange, the best performer among the metals complex this year, touched a high of $33,590 a tonne, within striking distance of a April 2011 high of $33,600.

Published 16 Jul, 2021 08:24pm

Markets

Copper eases as China industrial profits slow, stocks climb

LONDON: Copper edged lower on Monday as slowing profit growth in industrial firms in top consumer China metals,...

Published 29 Jun, 2021 03:24am

Markets

Brazil's real bucks Latam gloom on hawkish central bank minutes

Brazil's real erased early losses to trade up 0.2%, as central bank minutes showed a 100 basis point hike could be coming at the next meeting to keep inflation in check.
Copper struggled to hold gains, weighing on top producer Chile's peso, while Mexico's peso looked to give back Monday's strong gains, down 0.4%.

Published 22 Jun, 2021 08:07pm

Markets

Copper edges higher ahead of Fed chair's testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6% last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 06:17pm

Markets

Copper heads for its biggest weekly tumble since March 2020

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,238 a tonne.
The sell-off follows a remarkable rally, with the metal used in power and construction reaching a record high of $10,747.50 in May.

Published 18 Jun, 2021 05:28pm

Markets

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Markets

Copper prices hover below $10,000

LONDON: Copper prices hovered below $10,000 a tonne on Wednesday as data showed Chinese factories were facing the...

Published 10 Jun, 2021 03:22am

Markets

Copper sinks as inflation fears eclipse South American political risk

Benchmark three-month copper on the London Metal Exchange (LME) shed 2.6% to $10,136 a tonne.
The metal, widely used in the power and construction industries, was on track for its biggest daily fall since February. Last week, copper hit a record of $10,747.50 a tonne and has jumped 32% so far this year.

Published 19 May, 2021 05:25pm

Markets

Copper turns higher

LONDON: Copper rose back towards last week’s record high on Monday as the threat of strikes at mines in Chile and ...

Published 18 May, 2021 05:05am

Markets

China’s super-charged buying reshapes copper market

LONDON: China’s net imports of refined copper surged by 38% to 4.4 million tonnes last year, breaking all...

Published 07 May, 2021 04:35am

Business & Finance

Zambia denies report it shuttered Konkola Copper Mines

"There is no point at which production has been halted or even stopped; there has been continuous production throughout."
Zambia handed control of KCM to a provisional liquidator in May 2019, triggering an ongoing legal dispute with Vedanta.

Published 06 May, 2021 05:12pm

Markets

Copper edges towards $10,000 ahead of holiday in China

Benchmark copper on the London Metal Exchange was up 0.1% at $9,895 a tonne.
Copper prices dipped initially on Friday, but then joined gains in other risky assets such as world stocks, which held near record highs, lifted by strong US data and the Federal Reserve's vow to support the economy.

Published 30 Apr, 2021 05:32pm

Markets

Copper hovers near 10-year high as equities take a breather

Benchmark copper on the London Metal Exchange (LME) was up 0.1% at $9,385.50 a tonne.
Global shares slipped further as lofty sovereign bond yields and rising global COVID-19 cases had investors questioning high equity valuations.

Published 20 Apr, 2021 05:24pm

Markets

Bullish investors push copper towards 10-year highs

"That February high" -- $9,617 -- "will be tested sooner or later," said Saxo Bank analyst Ole Hansen, taking prices to their highest since 2011. Prices would then target $10,000 a tonne, he said.
World shares traded near record highs with investors generally upbeat about the prospects for a global economic recovery from COVID-19.

Published 19 Apr, 2021 05:20pm

Markets

Copper heads for biggest weekly gain since February

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,320.50 a tonne.
Global equities were near record highs and European stocks reached an all-time peak. Oil prices rose above $67 a barrel.

Published 16 Apr, 2021 06:39pm

Markets

Bullish sentiment propels copper to six-week high

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.

Published 15 Apr, 2021 08:21pm

Markets

Copper rebounds on industrial buying; speculators on sidelines

Three-month copper on the London Metal Exchange had gained 0.6% to $8,914 a tonne by 0930 GMT, after shedding 0.7% on Monday.
The most-traded May copper contract on the Shanghai Futures Exchange closed down 0.3% at 65,870 yuan ($10,055.72) a tonne.

Published 13 Apr, 2021 05:28pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	294.70 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	70.95 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	638.07 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	8.79 ▼ 0.00 (0.00%)
Attock Cement / May 29 Attock Cement Pakistan Limited(ACPL)	82.02 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	294.70 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	70.95 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	638.07 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	8.79 ▼ 0.00 (0.00%)
Attock Cement / May 29 Attock Cement Pakistan Limited(ACPL)	82.02 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	199.40
USD PKR Interbank Buying / May 27	199.20
USD to Japanese Yen / May 27	127.12
USD to Swiss Franc / May 27	0.96
Pound Sterling to USD / May 27	1.26
Euro to USD / May 27	1.07
UK LIBOR % / May 27	0.82

Stock	Volume
S&P 500 / May 27	4158.24
India Sensex / May 27	54884.66
Tokyo Nikkei / May 27	26781.68
Nasdaq / May 27	12131.13
Hang Seng / May 27	20697.36
FTSE 100 / May 27	7585.46
Dow Jones / May 27	33212.96
Germany DAX 30 / May 27	14462.19
France CAC40 / May 27	6515.75

Item	Value
Crude Oil USD/Barrel / May 27	115.07
Karachi Cotton PKR/37.32 KG / May 27	21180.00
Gold 10 Grams PKR / May 27	122600.00
Gold Spot USD/Ounce / May 27	1853.72
Cotton US¢/pound / May 27	122.95

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