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copper price

Copper rebounds, but demand concerns dominate market

LONDON: Copper prices bounced on Friday but remained on track for the largest weekly drop since June due to worries...

Published 21 Aug, 2021 04:21am

Markets

Copper recoils on Chile mine deal, firmer dollar

Losses were modest, however, after US lawmakers approved a $1 trillion infrastructure spending bill
Copper has pulled back from a record peak of $10,747.50 touched in May, but is still up 22% so far this year.

Published 11 Aug, 2021 05:56pm

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

Aluminium streaks to three-year highs on Chinese power cuts

LME tin touches record high above $35,000 a tonne
Zinc also gains on Yunnan power cuts

Published 30 Jul, 2021 08:37pm

Markets

Copper slides after decline in Chinese imports

LONDON: Copper steadied on Tuesday but came under pressure from falling imports by top consumer China and climbing...

Published 14 Jul, 2021 03:59am

Markets

Copper slips from three-week high as dollar strengthens

Three-month copper on the London Metal Exchange (LME) declined 1.1% to $9,407 a tonne.
Copper has pulled back from the record peak of $10,747.50 touched in May, partly because of weak copper demand in China.

Published 06 Jul, 2021 08:15pm

Markets

Copper prices soar

LONDON: Copper prices rose on Monday to their highest in more than two weeks as the dollar's uptrend stalled and...

Published 06 Jul, 2021 03:48am

Markets

Fundamentals shaky, but funds fuel copper's rise to 2-week peak

Benchmark copper on the London Metal Exchange gained 0.9% to $9,461 a tonne in official trading.
Prices of the metal used by investors to make bets on manufacturing and economic growth earlier touched $9,536, the highest since June 16.

Published 05 Jul, 2021 06:37pm

Markets

Chinese data weighs on copper; fund buying supports

Benchmark copper on the London Metal Exchange (LME) traded 0.1% down at $9,367.5 a tonne in official rings.
Three-month lead was down 2.2% at $2,224 a tonne.

Published 01 Jul, 2021 06:46pm

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

Copper eases as dollar firms on US inflation fears

Three-month copper on the London Metal Exchange was down 0.3% at $9,383.50 a tonne.
This morning, there is a marked lack of interest in the Asian session with all the drifting lower on thin volumes as yet again the physical buyers shy away from these prices.

Published 28 Jun, 2021 11:21am

Markets

Copper rises ahead of Fed testimony

LONDON: Copper prices rose from 10-week lows on Tuesday as investors waited to find out if Federal Reserve chair...

Published 23 Jun, 2021 04:26am

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 steadies after hitting 10-week low

LONDON: Copper steadied on Monday, having hit its lowest level since mid-April after moves by China to rein in...

Published 22 Jun, 2021 04:46am

Markets

Copper heads for biggest weekly fall since March 2020

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 19 Jun, 2021 01:26am

Markets

Copper slips as Chinese factory gate prices surge

Benchmark copper on the London Metal Exchange (LME) was down 0.6% at $9,904.50 a tonne in official trading, off a record high of $10,747.50 reached on May 10.
Chinese Yangshan copper import premiums fell to $26, the lowest in at least 9 years, pointing to weak demand for overseas metal.

Published 09 Jun, 2021 06:31pm

Markets

Global copper buyers must look elsewhere for concentrate as Indonesia cuts exports

"Between now and when Indonesia's new copper smelters commence production, smelters that have been reliant on material from Indonesian mines will need to find alternative concentrate sources."

Published 08 Jun, 2021 08:11pm

Markets

Global copper smelting extends recovery in May

LONDON: Global copper smelting extended its rebound in May, touching fresh highs for the year as operations ...

Published 06 Jun, 2021 02:56am

Markets

Copper plunges below $10,000 as U.S. jobs data knocks markets

World stocks also stepped back from record highs and the dollar strengthened, making metals costlier for buyers with other currencies.

Published 04 Jun, 2021 12:34am

Markets

Copper prices dip

LONDON: Copper edged lower on Wednesday as investors took some money off the table over worries about a dip in ...

Published 03 Jun, 2021 04:13am

Markets

Copper falters on strong dollar and low Chinese demand

Benchmark copper on the London Metal Exchange (LME) was down 1% at $10,113.50 a tonne in official trading.
"Demand concerns have been raised onshore (in China), particularly in copper," broker Marex said in a note.

Published 02 Jun, 2021 06:16pm

Markets

Copper down on low China demand

LONDON: Copper prices gave up some gains on Tuesday in choppy trade as lower physical demand in top consumer China...

Published 02 Jun, 2021 04:29am

Markets

Shanghai copper registers second monthly gain on supply concerns

SHANGHAI: Shanghai copper registered a second consecutive month of gains on Monday as prices firmed on a potential...

Published 01 Jun, 2021 04:59am

Business & Finance

Canada's First Quantum sells Australia nickel mine stake to POSCO for $240mn

First Quantum said it and Posco have also agreed to evaluate a strategic partnership to produce battery precursor materials from production at the mine.
Ravensthorpe is a large-scale, open pit nickel and cobalt operation located in Western Australia. Nickel production last year was 12,695 tonnes.

Published 19 May, 2021 08:04pm

Markets

Copper turns higher as strike risk offsets weak China data

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $10,283.50 a tonne in official trading, close to last Monday's all-time peak of $10,747.50.
Chinese steel prices fell sharply, with buyers put off by higher prices and the government warning it will move against too rapid a rally.

Published 17 May, 2021 06:33pm

Markets

Copper slips after rallying to peak

LONDON: Copper slipped on Monday after touching a new record peak as bullish investors who recently entered the...

Published 11 May, 2021 04:39am

Markets

Copper scales record high on industry and speculative buying

Aluminium touches three-year peak.
Zinc surpasses $3,000 for 1st time since June 2018.
Lead hits highest since Oct. 2019.

Published 07 May, 2021 08:37pm

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

Markets

Copper hits 10-year high on hopes for demand

LONDON: Copper hit a fresh 10-year high on Wednesday as some of the world’s largest economies showed signs ...

Published 06 May, 2021 03:49am

Markets

Copper prices resume climb towards $10,000

LONDON: Copper prices climbed back towards $10,000 per tonne on Tuesday, supported by prospects for higher demand...

Published 05 May, 2021 04:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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