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Copper prices

Copper steadies above $9,000 a tonne

Copper steadies above $9,000 a tonne

LONDON: Copper prices traded comfortably above $9,000 a tonne on Tuesday, snapping two days of losses and building...
Published 03 Mar, 2021 05:49am
Copper spirals lower as bond rout spooks investors
Markets

Copper spirals lower as bond rout spooks investors

  • Three-month copper on the London Metal Exchange (LME) had slumped 3.2% to $9,112 a tonne .
  • On Thursday, LME copper hit its highest since August 2011 at $9,617 a tonne, 5.6% short if its record high of $10,190 in February 2011.
Published 26 Feb, 2021 07:07pm
Copper leaps to 9-year high as China accelerates metals rally
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
Copper prices slip
Markets

Copper prices slip

LONDON: Copper prices eased on Wednesday as the higher dollar prompted profit-taking, but low inventories and...
Published 18 Feb, 2021 04:08am
Copper slips on profit-taking, but holds near 9-year peak
Markets

Copper slips on profit-taking, but holds near 9-year peak

  • Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
  • "The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."
Published 17 Feb, 2021 06:40pm
Copper touches fresh 2012 peak in thin trade on recovery hopes
Markets

Copper touches fresh 2012 peak in thin trade on recovery hopes

  • Tuesday is the third successive session that LME copper has hit fresh multi-year peaks, having rallied by 93% since March last year.
  • Some investors see current high prices as the start of a new bull market, but analyst Carsten Menke at Julius Baer in Zurich is wary.
Published 16 Feb, 2021 06:10pm
Copper dips as Lunar New Year halts Chinese buying
Markets

Copper dips as Lunar New Year halts Chinese buying

  • Benchmark copper slipped 0.4% to $8,251 a tonne in official trading after touching an eight-year peak on Thursday, having surged nearly 90% since March last year.
  • There was some last-minute restocking by the Chinese ahead of their holiday, so when they come back they'll be able to gear up pretty quickly.
Published 12 Feb, 2021 08:24pm
Copper dips as Lunar New Year halts Chinese buying
Markets

Copper dips as Lunar New Year halts Chinese buying

  • Benchmark copper was down 0.4% at $8,248.50 a tonne by 1140 GMT after touching an eight-year peak on Thursday, having surged nearly 90% since March last year.
  • There was some last-minute restocking by the Chinese ahead of their holiday, so when they come back they'll be able to gear up pretty quickly.
Published 12 Feb, 2021 06:07pm
Copper prices up
Markets

Copper prices up

LONDON: Copper prices rose on Friday, boosted by a weak dollar and hopes for better metals demand due to improved...
Published 06 Feb, 2021 04:06am
Copper rebounds on short covering, hopes on China liquidity
Markets

Copper rebounds on short covering, hopes on China liquidity

  • Investors are expecting China to cool credit growth and scale back fiscal stimulus this year to help stabilise debt.
  • The market has been trying to come to terms with that cash squeeze we saw in China last week but there are some signs now that the squeeze has eased.
Published 03 Feb, 2021 05:34pm
Copper under pressure
Markets

Copper under pressure

LONDON: Copper prices came under pressure on Friday from profit-taking on long positions triggered by the higher...
Published 30 Jan, 2021 03:55am