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Copper prices

Copper dips

LONDON: Copper slipped on Thursday on worries about China capping commodities prices to curb inflation and as...
Published 23 Apr, 2021 05:12am
Copper edges higher on expected demand from climate push
Markets

Copper edges higher on expected demand from climate push

  • Three-month copper on the London Metal Exchange was up 0.1% at $9,455.50 a tonne by 1010 GMT, recovering after touching an intraday low of $9,385.
  • "Days like today when there is no major news flow, some people are saying copper and aluminium are both looking quite pricey, so why not take some profits out of this stellar run that we've had," he said.
Published 22 Apr, 2021 05:30pm
Copper prices up
Markets

Copper prices up

LONDON: Copper prices firmed on Wednesday alongside a rebound in equities and a weaker dollar, though investor fears...
Published 22 Apr, 2021 03:55am
Bullish investors push copper towards 10-year highs
Markets

Bullish investors push copper towards 10-year highs

  • "That February high" -- $9,617 -- "will be tested sooner or later," said Saxo Bank analyst Ole Hansen, taking prices to their highest since 2011. Prices would then target $10,000 a tonne, he said.
  • World shares traded near record highs with investors generally upbeat about the prospects for a global economic recovery from COVID-19.
Published 19 Apr, 2021 05:20pm
Copper prices slip
Markets

Copper prices slip

LONDON: Copper prices slipped on Monday on worries that top metals consumer China wants to put a lid on surging...
Published 13 Apr, 2021 04:31am
Copper heads for weekly gain despite dip on China policy fears
Markets

Copper heads for weekly gain despite dip on China policy fears

  • Benchmark copper on the London Metal Exchange (LME) was down 0.3% at $8,984 a tonne by 1206 GMT but up about 2% for the week and on course for its first weekly rise in a month.
  • A barnstorming economic recovery in China and speculative buying pushed the metal used in power and construction to $9,617 in February, its highest in a decade, before prices stagnated.
Published 09 Apr, 2021 05:07pm
Copper climbs on supply concerns, lower dollar
Markets

Copper climbs on supply concerns, lower dollar

  • "Copper prices have settled around $9,000, not $8,000, which tells you the market is fairly tight," said Guy Wolf, global head of analytics at Marex.
  • "The outlook is very uncertain, the key thing is will vaccines stop the spread of the coronavirus. Once people believe the vaccine stops you infecting other people, things will start moving."
Published 08 Apr, 2021 05:51pm
Copper slips as inventories climb and China premiums dip
Markets

Copper slips as inventories climb and China premiums dip

  • Benchmark copper on the London Metal Exchange (LME) shed 0.8% to $8,974.50 a tonne in official trading. The metal touched its highest since March 23 at $9,104 in the previous session.
  • Copper inventories in LME-registered warehouses have since surged to 150,325 tonnes compared to 74,200 tonnes at the end of February.
Published 07 Apr, 2021 05:56pm
Copper rallies
Markets

Copper rallies

LONDON: Copper prices climbed on Tuesday in response to supply concerns after top producer Chile closed its borders...
Published 07 Apr, 2021 03:48am
Copper climbs to 2-week high as top producer Chile shuts borders
Markets

Copper climbs to 2-week high as top producer Chile shuts borders

  • 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 ($10,330.82) a tonne.
Published 06 Apr, 2021 12:53pm
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
Copper touches lowest in nearly a month on China demand worries
Markets

Copper touches lowest in nearly a month on China demand worries

  • There are concerns about China deleveraging; that seems to be uppermost in a lot of people's minds. How much more tightening is there to come? And the Chinese economy seems to be slowing anyway.
  • Copper inventories are rising on the LME and it seems that demand for the time being has come off the boil, which is a bit concerning because we're going into the seasonally strong part of the year.
Published 01 Apr, 2021 05:11pm
Dollar, inventories weigh on copper prices
Markets

Dollar, inventories weigh on copper prices

  • Benchmark copper was down 0.7% at $8,804 a tonne.
  • Stocks of copper in LME registered warehouses rose 10,500 tonnes to 142,550 tonnes, a rise of more than 90% since the start of March.
Published 30 Mar, 2021 05:43pm
Copper prices slide
Markets

Copper prices slide

LONDON: Copper prices slid on Monday as worries about higher freight costs receded after a container ship blocking...
Published 30 Mar, 2021 05:45am
Copper slides as ship blocking Suez refloated
Markets

Copper slides as ship blocking Suez refloated

  • Benchmark copper on the London Metal Exchange was down 0.9% to $8,883 a tonne.
  • "Copper prices lurched lower after we saw the news about the ship in the Suez Canal," a copper trader said. "There may still be a knock-on effect on costs and there is still a queue, but at least the canal isn't blocked any more."
Published 29 Mar, 2021 08:10pm
Copper slides as ship blocking Suez partly refloated
Markets

Copper slides as ship blocking Suez partly refloated

  • Benchmark copper on the London Metal Exchange traded down 0.3% to $8,937 a tonne in official rings. Prices are down 7% since hitting 9-1/2-year highs of $9,617 last month.
  • The blockage in the Suez Canal made people think about higher costs of transporting metal. It's not over yet, but the ship is moving.
Published 29 Mar, 2021 06:05pm
Copper cheered by US economic data, new lockdowns weigh
Markets

Copper cheered by US economic data, new lockdowns weigh

  • While benchmark copper on the London Metal Exchange traded up 1.6% at $8,918.5 a tonne in official rings, prices of the metal used as a gauge of economic health by investors are down about 7% since hitting 9-1/2-year highs of $9,617 last month.
  • "We are in a consolidation period, not necessarily because of fundamentals," said Julius Baer analyst Carsten Menke.
Published 26 Mar, 2021 08:04pm