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copper import

China copper output rises
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
Copper hits one-month low
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
Brazil's real bucks Latam gloom on hawkish central bank minutes
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
Copper hits 7-week low as funds, traders cut long positions
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
Copper sinks as inflation fears eclipse South American political risk
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
Copper turns higher
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
Copper edges towards $10,000 ahead of holiday in China
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
Bullish investors push copper towards 10-year highs
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
Bullish sentiment propels copper to six-week high
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