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copper market

Boliden launches low-carbon copper products

LONDON: Sweden’s Boliden said it has launched two “green” copper products this week, the first of its kind,...

Published 20 Mar, 2021 04:39am

Business & Finance

Boliden launches low-carbon copper products

The main spotlight on cutting emissions from industrial metals so far has been aluminium due to its very energy-intensive production, but copper's wide use makes it important as well, he added.
Copper, the third most consumed industrial metal after iron and aluminium, is used in electric cabling, construction and increasingly in electric vehicles and wind turbines.

Published 19 Mar, 2021 06:24pm

Markets

Copper firm on supply concern, but dollar weighs

Benchmark copper on the London Metal Exchange traded up 0.1% at $9,077.5 a tonne in official rings.
Copper and other base metals have struggled to find clear direction in the last few weeks thanks to macro market jitters and the bond market tantrum which caused consternation in cross-asset markets.

Published 18 Mar, 2021 08:13pm

Markets

Copper falls as rising inventories spur demand concerns

Three-month copper on the London Metal Exchange fell 0.5% to $9,019.50 a tonne.
A weak physical market in China and concerns about rising US Treasury yields offset a soft US dollar.

Published 18 Mar, 2021 05:20pm

Markets

Supply squeeze drags copper treatment charges below $20 a tonne

Antofagasta tender goes for TC in high $10s/T – sources.
Spot TCs in China lowest since 2010 at $33.50/T - Asian Metal.
Smelter margins razor thin ahead of China meeting.

Published 18 Mar, 2021 05:11pm

Markets

Copper rises on signs of higher demand but dollar caps gains

Three-month copper on the London Metal Exchange (LME) rose 0.7% to $9,024.50 per tonne in official trading, having touched a 9-1/2 year peak of $9,617 last month.
We are still in a long term constructive environment for copper. Generally commodities are in a bull market given some of structural changes in terms of demand for energy metals.

Published 17 Mar, 2021 08:28pm

Markets

London copper rises on demand view, tight mine supply

Fundamentals remain healthy, especially with the supply and logistics disruptions in South America, while demand outlook looks promising based on positive macro data.
However, risk sentiment is definitely dampened with the rising US Treasury yield and a stronger US dollar in the short term, which definitely weighed on copper prices.

Published 17 Mar, 2021 05:19pm

Markets

Copper slips on profit taking ahead of Fed meeting

Benchmark copper on the London Metal Exchange dropped 2.1% to $8,956.50 a tonne in official trading.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Updated 16 Mar, 2021 10:03pm

Markets

Copper slips on profit taking, firmer dollar ahead of Fed

Benchmark copper on the London Metal Exchange had dropped 1.8% to $8,979.50 a tonne.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Published 16 Mar, 2021 05:16pm

Markets

Copper gains in thin volumes on buoyant Chinese data

Copper hits highest since March 3.
Investors cautious ahead of central bank meetings.

Published 15 Mar, 2021 05:28pm

Markets

Trafigura CEO expects 10mn tonne supply deficit in copper market by 2030

"We see a significant deficit, possibly in the region of 10 million tonnes of additional copper is required to balance the market by 2030," he said.
London copper hit near 10-year highs this week on some near-term supply tightness.

Published 12 Mar, 2021 08:21pm

Markets

Copper rises towards 10-year highs as bullish mood grips markets

With Chinese equities up around 2.5%, the US Dow Jones Index at record levels and European stocks reaching a one-year high, benchmark copper on the London Metal Exchange (LME) was up 2.1% at $9,048 a tonne in official trading.
Copper, used in power and construction, reached $9,617 a tonne in February as analysts warned that demand from China, green energy and electrification will outstrip supply.

Published 11 Mar, 2021 07:06pm

Markets

Copper prices to hit record high in next 12 months, China's Maike says

LME copper touched highest in 9-1/2 years last month at $9,617/T.
He makes proposal on strategic metal reserve to China parliament.

Published 10 Mar, 2021 08:16pm

Markets

Copper prices slip

LONDON: Copper prices fell on Tuesday after modest economic growth targets from China and indications that it could...

Published 10 Mar, 2021 04:59am

Markets

Copper prices slip as China cools growth and credit plans

"The trigger for lower prices came from the latest communication from the Chinese government," said Gianclaudio Torlizzi at consultancy T-Commodity.
Three-month copper on the London Metal Exchange (LME) droped by 1.4% to $8,877 a tonne in offical trading, erasing the previous session's 1.1% gain.

Published 09 Mar, 2021 08:49pm

Markets

Copper prices slip as China cools growth and credit plans

China is widely expected to rein in coronavirus-induced stimulus and cool credit growth to contain debt risks while maintaining support for ailing small firms. It has also set modest growth targets.
Three-month copper on the London Metal Exchange (LME) declined 1.4% to $8,883 a tonne.

Updated 09 Mar, 2021 09:30pm

Markets

Global copper smelting edges lower in February due to Chinese holiday

The large decline in Chinese smelter activity was well anticipated due to the holiday period and should recover fairly quickly.
If the improvements seen in most regions continue through March, combined with a resumption in Chinese activity, the next month could be the first time in many months where activity level trends are aligned across all major regions.

Published 03 Mar, 2021 05:57pm

Markets

Chile's Codelco copper output jumps in January, Escondida dips

The state-run Chilean Copper Commission (Cochilco) reported that production by Codelco, the world's largest miner of the red metal, rose 19.4% year-on-year to 142,000 tonnes in the month.
Collahuasi - a partnership between Glencore and Anglo American along with Japanese companies - posted a 6.5% year-on-year rise in production to 57,000 tonnes.

Published 02 Mar, 2021 09:41pm

Markets

Copper's rally may be back on as prices steady above $9,000

Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $9,150 a tonne.
On the Shanghai Futures Exchange (ShFE), speculators' net long reached 57.9% of open contracts on Friday, the most since 2003, before falling to 51.8% on Monday, Marex said.

Published 02 Mar, 2021 06:09pm

Markets

Copper jumps to 9-1/2 year high on inflation fears

Copper is about 6% below its record high of $10,190 a tonne hit in February 2011.
Three-month copper on the London Metal Exchange had climbed 1.2% to $9,417 a tonne.

Published 25 Feb, 2021 09:32pm

Markets

Copper's spectacular rally slows at 9 1/2-year highs

Benchmark copper on the London Metal Exchange was up 0.2% at $9,112 a tonne. *Prices have shot up 16% in February, the biggest monthly rise since November 2016, taking gains since the start of 2020 to around 50%.

Published 23 Feb, 2021 05:49pm

Markets

Copper leaps above $9,000 a tonne for first time since 2011

Other base metals hit multi-year highs.
Copper up 16% so far this year.
Speculators raise net long position.

Published 22 Feb, 2021 08:06pm

Markets

Copper soars to 9-year high on tight supply, weak dollar

Benchmark copper on the London Metal Exchange (LME) added 2.3% to $8,746 per tonne.
The return of the Chinese market post the Lunar New Year has seen some renewed interest in base metals.

Published 19 Feb, 2021 05:20pm

Markets

Copper leaps to 9-year high as China accelerates metals rally

Other industrial metals also jumped, with aluminium at its highest since 2018, nickel its strongest since 2014, tin its strongest since 2012 and lead its highest since 2019.
Benchmark copper on the London Metal Exchange (LME) was up 2.9% at $8,631 a tonne in official trading after touching $8,633. Prices are up around 10% this month.

Published 18 Feb, 2021 08:10pm

Markets

Copper slips on profit-taking, but holds near 9-year peak

Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
"The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."

Published 17 Feb, 2021 06:40pm

Markets

Global copper smelting slides in January amid COVID-19 lockdowns

Top producer China also dipped but from high levels, satellite service SAVANT and broker Marex Spectron said in a joint statement on Tuesday.
It sells data to fund managers, traders and miners and publishes a free monthly index of global copper smelter activity.

Published 16 Feb, 2021 08:01pm

Markets

Copper hits highest since 2012 on inflation concerns and healthy demand

Three-month copper on the London Metal Exchange (LME) was up 0.2% at $8,349.50 a tonne.
The upper bound of that channel is $8,700, so there's another $300 and that's going to be the next target for copper.

Published 15 Feb, 2021 07:38pm

Markets

Copper hovers near eight-year high as Chinese holiday starts

The more the price moves up in the very short term the bigger the fall will be in the second half of this year.
Copper inventories in warehouses registered with the LME and Comex exchange are falling.

Updated 11 Feb, 2021 09:28pm

Markets

Copper hovers near eight-year high as Chinese holiday starts

The start of the Chinese holiday kept trading activity low, with benchmark copper on the London Metal Exchange (LME) flat at $8,299 a tonne.
The more the price moves up in the very short term the bigger the fall will be in the second half of this year.

Published 11 Feb, 2021 05:20pm

Markets

Copper at one-month high on stimulus hopes, soft dollar

Three-month copper on the London Metal Exchange (LME) added 1.1% to trade at $8,132 per tonne in official trading.
Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs, pushing commodities up.

Updated 09 Feb, 2021 10:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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