Copper prices

Copper prices buoyed by bargain hunters, U.S. data

Copper prices buoyed by bargain hunters, U.S. data

  • LME aluminium rose 1.8pc to $2,557.50 a tonne, zinc was little changed at $2,939, lead advanced 1.5pc to $2,304, nickel firmed 1.3pc to $18,345 and tin climbed 1pc to $31,600.
Published 02 Jul, 2021 10:53pm
Copper prices buoyed by bargain hunters
Markets

Copper prices buoyed by bargain hunters

  • Three-month copper on the London Metal Exchange (LME) edged up 0.02% to $9,323.50 a tonne in official trading after dropping by about 9% in June.
  • The most-traded August copper contract on the Shanghai Futures Exchange closed 0.7% down at 68,260 yuan ($10,531.84) a tonne for a 0.9% decline over the week.
Published 02 Jul, 2021 06:12pm
Copper prices slip on US inflation jitters
Markets

Copper prices slip on US inflation jitters

  • "The market still looking at clues to see what the Fed's temperature is with regards to rates," said Nitesh Shah.
  • The dollar edged lower but remained near a two-month high, still making copper which is priced in the US greenback less attractive to global buyers.
Published 24 Jun, 2021 04:36pm
Copper hits 7-week low as China to sell strategic stockpiles
Markets

Copper hits 7-week low as China to sell strategic stockpiles

  • No doubt that Chinese efforts to curb prices is playing out and having a negative impact on otherwise bullish price sentiment. It highlights a market that has lost momentum.
  • Three-month copper on the LME slipped 0.3% to $9,538 a tonne in official trading after earlier touching its lowest since April 23 and slumping by 4% on Tuesday.
Published 16 Jun, 2021 06:15pm
Copper hits 7-week low as funds, traders cut long positions
Markets

Copper hits 7-week low as funds, traders cut long positions

  • "The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
  • Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.
Published 15 Jun, 2021 09:03pm
Copper trades flat in thin holiday trade
Markets

Copper trades flat in thin holiday trade

  • Three-month copper on the London Metal Exchange was almost flat at $10,007 a tonne.
  • Workers at BHP Group's Spence copper mine in top producer Chile said last week they had reached a new contract deal with the company, avoiding a strike.
Published 14 Jun, 2021 06:23pm
Copper falls as market frets about demand, China curbs
Markets

Copper falls as market frets about demand, China curbs

  • Benchmark copper on the London Metal Exchange was down 0.4% at $9,960 a tonne.
  • Prices of the metal, often used as a gauge of manufacturing activity, are down nearly 8% since hitting a record high of $10,747.50 a tonne in May.
Published 14 Jun, 2021 05:12pm
Copper set for weekly fall on China price-curb fears
Markets

Copper set for weekly fall on China price-curb fears

  • Three-month copper on the London Metal Exchange fell 0.2% to $9,871 a tonne.
  • The most-traded July copper contract on the Shanghai Futures Exchange declined 0.8% to 70,920 yuan ($11,106.76) a tonne and was also set for a weekly decline.
Published 11 Jun, 2021 06:35pm
Copper prices ease
Markets

Copper prices ease

LONDON: Copper prices eased on Monday as investors took fright from weaker than expected trade data from top ...
Published 08 Jun, 2021 04:09am
Copper slips on worries about Chinese demand after trade data
Markets

Copper slips on worries about Chinese demand after trade data

  • China's copper imports fell 8% in May from the previous month as record-high prices further eroded buying interest while overall export growth missed analysts' forecasts.
  • Three-month copper on the London Metal Exchange had shed 0.6% to $9,890 a tonne by 1430 GMT after rising by 1.7% on Friday.
Published 07 Jun, 2021 08:51pm
Copper prices rebound
Markets

Copper prices rebound

LONDON: Copper prices rebounded on Friday as investors bought in at lower prices after heavy losses the previous ...
Published 05 Jun, 2021 04:08am
Copper claws higher
Markets

Copper claws higher

LONDON: Copper prices rebounded on Friday as investors bet that US spending plans on infrastructure would fuel...
Published 29 May, 2021 03:59am