Trends - copper import - Business Recorder

copper import

Copper rises to near two-week high on weaker dollar

LONDON: Copper prices rose to their highest in nearly two weeks on Wednesday, boosted by a weaker dollar amid hopes...

Published 01 Dec, 2022 05:47am

Markets

Weaker dollar lifts copper, but demand outlook still shaky

LONDON: Copper prices rose on Monday, helped by a weakening dollar that made metals cheaper for buyers with other...

Published 25 Jul, 2022 06:20pm

Markets

Copper set for first weekly gain in 7 weeks

LONDON: Copper prices were on track for their first weekly rise in seven weeks on Friday as investors returned to...

Published 23 Jul, 2022 04:10am

Markets

Copper drops to 16-month low as economic slowdown fears mount

London copper prices dropped to a 16-month low on Thursday, as worried mounted that a rise in COVID-19 cases in key...

Published 23 Jun, 2022 11:20am

Markets

Copper drops to nine-month low on recession fears

LONDON: Copper prices hit nine-month lows on Monday as higher interest rates fuelled worries over a potential global...

Published 21 Jun, 2022 05:51am

Markets

Copper slips on firm dollar, recession worries

LONDON: Copper prices slipped from their highest in more than three weeks on Tuesday, pressured by a firm dollar and...

Published 01 Jun, 2022 05:53am

Markets

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

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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