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Copper prices

Copper prices rebound

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
Copper edges lower on China demand concerns
Markets

Copper edges lower on China demand concerns

  • Three-month copper on the London Metal Exchange slipped 0.2% to $10,201 a tonne.
  • Torlizzi expected copper prices to correct lower during the summer, when bullish investors would start buying again. He targeted $8,000 as an attractive level to re-enter the market.
Published 28 May, 2021 08:41pm
Copper rises as strike fears and Chinese data reassure bulls
Markets

Copper rises as strike fears and Chinese data reassure bulls

  • Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
  • Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.
Published 27 May, 2021 08:27pm
China crackdown on prices subdues industrial metals
Markets

China crackdown on prices subdues industrial metals

  • Benchmark copper on the London Metal Exchange traded up 0.1% at $9,961 a tonne in official rings.
  • Prices of the metal used widely in the power and construction industries have fallen 7% since hitting a record high at $10,747.50 a tonne earlier this month.
Published 25 May, 2021 08:16pm
Copper prices up
Markets

Copper prices up

LONDON: Copper prices rose on Monday as a softer dollar spurred modest purchases, but gains were capped by concerns...
Published 25 May, 2021 04:40am
Copper extends retreat
Markets

Copper extends retreat

LONDON: Copper prices eroded further on Friday as some investors took profits and others worried about threats by ...
Published 22 May, 2021 04:05am
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
Copper prices up
Markets

Copper prices up

LONDON: Copper prices rose on Thursday as a softer dollar and worries about a strike in Chile spurred purchases, but...
Published 21 May, 2021 05:04am
Copper up on dollar, strike possibility in Chile
Markets

Copper up on dollar, strike possibility in Chile

  • Benchmark copper on the London Metal Exchange traded up 1% at $10,104 a tonne in official rings. However, prices of the metal used widely in power and construction are down 6% since hitting a record $10,747.50 a tonne earlier in May.
Published 20 May, 2021 08:32pm
Copper up on dollar, strike possibility in Chile
Markets

Copper up on dollar, strike possibility in Chile

  • "There's been some buying on the back of a lower dollar and the possibility of a strike at Escondida (copper mine in Chile)," a copper trader said. "But the rally does seem to have to run out of steam."
  • An overhaul of Chile's market-orientated constitution is underway and the country is debating whether to increase royalties on miners.
Published 20 May, 2021 06:05pm
Copper prices sink
Markets

Copper prices sink

LONDON: Copper prices fell on Wednesday as rising inflation pushed investors into a risk-off sentiment, offsetting...
Published 20 May, 2021 04:26am
Chile's Cochilco revises copper price to $4.30 on expected deficit
Markets

Chile's Cochilco revises copper price to $4.30 on expected deficit

  • Cochilco said that increased speculation in the market was playing a role in bolstering copper, adding: "This could push the price to new highs in the short term."
  • The commission also predicted that copper production out of Chile would hit close to 5.8 million tonnes this year, a year-on-year increase of 1.8%, but below its previous forecast of just under 6 million tonnes.
Published 19 May, 2021 07:56pm
Copper sinks as inflation fears eclipse South American political risk
Markets

Copper sinks as inflation fears eclipse South American political risk

  • Benchmark three-month copper on the London Metal Exchange (LME) shed 2.6% to $10,136 a tonne.
  • The metal, widely used in the power and construction industries, was on track for its biggest daily fall since February. Last week, copper hit a record of $10,747.50 a tonne and has jumped 32% so far this year.
Published 19 May, 2021 05:25pm
Slumping dollar boosts base metals, zinc hits 3-year high
Markets

Slumping dollar boosts base metals, zinc hits 3-year high

  • Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $10,496.50 a tonne in official trading and near last week's record high of $10,747.50.
  • LME zinc was up 2.4% at $3,085 a tonne after surging to $3,108.50, its highest since June 2018.
Published 18 May, 2021 08:31pm
Copper clings to gains near record high on demand hopes
Markets

Copper clings to gains near record high on demand hopes

  • Copper prices have doubled in the last year, fuelled by a rebound in demand from top consumer China and other economies after a COVID-19 induced slump.
  • Funds have raised their bullish bets on LME and Comex copper, according to estimates by broker Marex and the US Commodity Futures Trading Commission.
Published 12 May, 2021 06:21pm
Copper hits record high on industry and speculative buying
Markets

Copper hits record high on industry and speculative buying

  • Benchmark copper on the London Metal Exchange (LME) broke above the previous record high of $10,190 set in 2011 and had gained 2.3% to $10,325.
  • The most-traded June copper contract on the Shanghai Futures Exchange climbed as much as 2.7% to 74,950 yuan ($11,603) a tonne, its highest since May 2006 and only 1.6% below its record peak of 76,160 yuan.
Published 07 May, 2021 05:24pm