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copper mine

Copper slips on strong dollar

Copper slips on strong dollar

LONDON: Copper prices buckled under a stronger dollar on Tuesday ahead of key US payroll data later this week and on...
Published 06 Oct, 2021 04:17am
Copper prices keep falling
Markets

Copper prices keep falling

LONDON: Copper prices fell on Tuesday as rising coronavirus cases strengthened the dollar and cast doubt on a speedy...
Published 30 Jun, 2021 03:54am
Copper prices steady
Markets

Copper prices steady

LONDON: Copper prices held steady on Friday after US President Joe Biden embraced a bipartisan Senate infrastructure...
Published 26 Jun, 2021 03:24am
Copper keep climbing
Markets

Copper keep climbing

LONDON: Copper prices extended gains on Wednesday after the head of the US central bank vowed to keep interest rates...
Published 24 Jun, 2021 03:36am
Shanghai copper registers second monthly gain on supply concerns
Markets

Shanghai copper registers second monthly gain on supply concerns

  • The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
  • The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.
Published 31 May, 2021 06:37pm
Copper retreats on fears over Chinese price crackdown
Markets

Copper retreats on fears over Chinese price crackdown

  • Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
  • Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.
Published 21 May, 2021 08:20pm
Aluminium extends rally on growing supply fears
Markets

Aluminium extends rally on growing supply fears

  • Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
  • Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.
Published 06 May, 2021 08:56pm
Copper prices down
Markets

Copper prices down

LONDON: Copper drifted lower on Friday, hovering below the $10,000 level it briefly broke through a day earlier as...
Published 01 May, 2021 03:28am
Copper rally pauses
Markets

Copper rally pauses

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the US Federal Reserve, but...
Published 29 Apr, 2021 03:52am
Copper retreats
Markets

Copper retreats

LONDON: A rally in copper prices towards 10-year highs paused on Tuesday as rising coronavirus infections pulled...
Published 21 Apr, 2021 03:21am
China March copper, lead and zinc output up y/y
Business & Finance

China March copper, lead and zinc output up y/y

  • The 22 smelters in its copper production survey churned out 792,800 tonnes of cathodes last month, up from a low base in coronavirus-affected March 2020 and a 28-day February in 2021.
  • A slight increase in maintenance this month will see April cathode output fall to around 780,000 tonnes, Antaike said.
Published 12 Apr, 2021 05:52pm
Reality check for copper bulls as Chinese demand growth slows
Business & Finance

Reality check for copper bulls as Chinese demand growth slows

  • "There's no point having money in copper at this point because we're not going anywhere," said commodities broker Anna Stablum of Marex Spectron.
  • "The shorter-term money...has already disappeared and moved on to where you can make more short-term gains, but...there's substantial sticky, longer-term money basically (still) sat in that long," she said.
Published 09 Apr, 2021 06:02pm
Copper hits 2-week high as top producer Chile closes border
Markets

Copper hits 2-week high as top producer Chile closes border

  • Three-month copper on the London Metal Exchange climbed as much as 3.6% to $9,104 a tonne, its highest since March 23.
  • The most-traded May copper contract on the Shanghai Futures Exchange also hit its highest in two weeks, advancing as much as 2.3% to 67,670 yuan ($10,308.32) a tonne.
Published 06 Apr, 2021 11:24am
Rio Tinto faces class action suit over Mongolia copper project
Business & Finance

Rio Tinto faces class action suit over Mongolia copper project

  • Rio operates the mine via its Canadian subsidiary Turquoise Hill, which owns 66% of Oyu Tolgoi. The rest of the mine has been owned by the Mongolian government since the project was launched in 2009.
  • Activist investor Pentwater Capital Management LP is Turquoise Hill's largest shareholder after Rio with a 9% stake.
Published 25 Mar, 2021 08:55pm
Freeport, Tsingshan finalising $2.8bn copper smelter next week
Business & Finance

Freeport, Tsingshan finalising $2.8bn copper smelter next week

  • The smelter will have an input capacity of 2.4 million tonnes of copper concentrate and an output capacity of 600,000 tonnes, a slide presented by Luhut at a live broadcast on CNBC Indonesia showed.
  • Luhut said last month that the smelter will produce copper pipes and wires of which output can be worth $10 billion or more.
Published 24 Mar, 2021 05:14pm