Trends - copper output - Business Recorder

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 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 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 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 hits eight-year peak as bullish factors dominate

Benchmark copper on the London Metal Exchange (LME) traded 1.6% up at $8,274 a tonne in official rings.
The idea that US stimulus is going to lead to higher inflation has taken hold this week.

Published 10 Feb, 2021 08:27pm

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

Markets

China Jan copper, lead and tin output fall from prior month

Cathode production from 22 companies surveyed was 735,500 tonnes last month, up 10% from a year ago.
Daye's maintenance has just ended, a company official said, and most smelters have no maintenance plans for February.

Updated 09 Feb, 2021 11:32pm

World

Chile says manufacturing up 0.4%, copper output down in December

Meanwhile the South American country's copper output declined 8.7% to 506,891 tonnes in December, INE said on Friday.
Chile's major copper industry was one of the least affected by the COVID-19 pandemic, despite restrictions imposed to try to contain the spread of the virus.

Published 29 Jan, 2021 08:01pm

Markets

Copper under pressure from higher dollar, stocks support

Benchmark copper on the London Metal Exchange traded little changed at $7,873.5 a tonne in official rings.
China's attempts to curb COVID infections are likely to put a damper on next month's Lunar New Year holiday,

Published 29 Jan, 2021 07:29pm

Markets

Firmer dollar, equities sell-off push Shanghai copper to 1-month low

The most-traded March copper contract on the Shanghai Futures Exchange dropped as much as 2% to 57,620 yuan ($8,895.82) a tonne, a level unseen since Dec. 23, 2020.
Three-month copper on the London Metal Exchange edged 0.1% lower to $7,818 a tonne, and nickel fell 1.4% to $17,660 a tonne and tin shed 1% to $22,575 a tonne.

Published 28 Jan, 2021 07:43pm

Markets

Weakening dollar lifts copper as rally loses momentum

Benchmark copper on the London Metal Exchange (LME) was up 0.5% at $8,015.50 a tonne.
The metal used in power and construction has hovered around $8,000 since slipping from a high of $8,238 on Jan. 8.

Published 26 Jan, 2021 08:54pm

Markets

Copper slips for a fourth day as rally loses momentum

Benchmark copper on the London Metal Exchange (LME) was down 0.5% at $7,927 a tonne.
Some market players may be taking profits or waiting for new impetus.

Published 26 Jan, 2021 06:27pm

Markets

Chile's Codelco copper output up, largest private mines down in November

Collahuasi meanwhile, a joint-venture between Anglo American and Glencore, produced 48,200 tonnes, a 15% year on year decrease.

Updated 05 Jan, 2021 08:26pm

Markets

Top LME performer copper dips on hazy new year outlook

LME copper set to end year with a 25% gain.
Copper vulnerable to correction after speculative buying.
Aluminium the top performer on Shanghai exchange.

Published 31 Dec, 2020 06:26pm

Markets

Chile says manufacturing, copper output down in November

The country's copper output fell 2.1% to 493,538 tonnes in November.
Manufacturing output was hit hardest by a sharp drop in the production of chemicals in November.

Published 31 Dec, 2020 06:11pm