ANL 10.66 Decreased By ▼ -0.62 (-5.5%)
ASC 9.15 Decreased By ▼ -0.35 (-3.68%)
ASL 11.19 Decreased By ▼ -0.05 (-0.44%)
AVN 76.40 Decreased By ▼ -1.61 (-2.06%)
BOP 5.45 Decreased By ▼ -0.06 (-1.09%)
CNERGY 5.33 Decreased By ▼ -0.08 (-1.48%)
FFL 6.68 Decreased By ▼ -0.08 (-1.18%)
FNEL 5.89 Decreased By ▼ -0.02 (-0.34%)
GGGL 11.10 Decreased By ▼ -0.20 (-1.77%)
GGL 16.35 Decreased By ▼ -0.43 (-2.56%)
GTECH 8.58 Decreased By ▼ -0.41 (-4.56%)
HUMNL 6.84 Decreased By ▼ -0.36 (-5%)
KEL 2.90 Decreased By ▼ -0.06 (-2.03%)
KOSM 3.26 Decreased By ▼ -0.20 (-5.78%)
MLCF 26.76 Decreased By ▼ -0.39 (-1.44%)
PACE 2.99 Decreased By ▼ -0.11 (-3.55%)
PIBTL 5.98 Decreased By ▼ -0.13 (-2.13%)
PRL 16.98 Decreased By ▼ -1.08 (-5.98%)
PTC 7.00 Decreased By ▼ -0.08 (-1.13%)
SILK 1.16 Decreased By ▼ -0.03 (-2.52%)
SNGP 36.20 Increased By ▲ 1.45 (4.17%)
TELE 10.66 Decreased By ▼ -0.28 (-2.56%)
TPL 9.09 Decreased By ▼ -0.31 (-3.3%)
TPLP 19.98 Decreased By ▼ -0.51 (-2.49%)
TREET 28.75 Decreased By ▼ -0.65 (-2.21%)
TRG 76.60 Decreased By ▼ -0.90 (-1.16%)
UNITY 19.90 Decreased By ▼ -0.46 (-2.26%)
WAVES 12.74 Decreased By ▼ -0.06 (-0.47%)
WTL 1.35 Decreased By ▼ -0.02 (-1.46%)
YOUW 5.18 Decreased By ▼ -0.33 (-5.99%)
BR100 4,092 Decreased By -24.9 (-0.6%)
BR30 14,992 Decreased By -76.4 (-0.51%)
KSE100 41,406 Decreased By -224.4 (-0.54%)
KSE30 15,763 Decreased By -97.9 (-0.62%)

copper producer

Copper prices fall for fourth day on stronger dollar

Copper prices fall for fourth day on stronger dollar

  • Three-month copper on the London Metal Exchange shed 1.5% to $9,246 per tonne.
  • Three-month aluminium on the London Metal Exchange rose 1.9% to $2,536 a tonne while lead rose 1.8% to $2,274.
Published 29 Jun, 2021 04:42pm
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 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 turns higher as strike risk offsets weak China data
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
Chile's copper export revenue jumps in April as price soars
Business & Finance

Chile's copper export revenue jumps in April as price soars

  • Chile, the world's top copper producer, said it had exported $4.541 billion worth of copper in April alone, a boon for its ailing economy following months of coronavirus-induced economic stagnation.
  • Swelling revenues from copper exports led to a trade surplus of $2.040 billion in April, the central bank said.
Published 07 May, 2021 06:53pm
Copper hits 10-year high on hopes for demand
Markets

Copper hits 10-year high on hopes for demand

  • Benchmark three-month copper on the London Metal Exchange (LME) touched $10,040 a tonne, its highest since Feb. 2011 when the contract hit a record of $10,190 a tonne.
  • "It makes sense for market to take stock after hitting the key technical level of $10,000 a tonne," said Saxo Bank analyst Ole Hansen.
Published 05 May, 2021 09:07pm
Copper hits 10-year peak on supply worries, falling stocks
Markets

Copper hits 10-year peak on supply worries, falling stocks

  • Benchmark copper on the London Metal Exchange was up 1.9% at $9,736 a tonne at 1140 GMT. Prices of the industrial metal earlier hit $9,750 a tonne, the highest since August 2011.
  • Stocks of copper in LME registered warehouses at 155,100 tonnes have fallen about 10% over the past couple of weeks.
Published 26 Apr, 2021 05:23pm
Bullish sentiment propels copper to six-week high
Markets

Bullish sentiment propels copper to six-week high

  • Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
  • Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.
Published 15 Apr, 2021 08:21pm
Reality check for copper bulls as Chinese demand growth slows
Business & Finance

Reality check for copper bulls as Chinese demand growth slows

  • "There's no point having money in copper at this point because we're not going anywhere," said commodities broker Anna Stablum of Marex Spectron.
  • "The shorter-term money...has already disappeared and moved on to where you can make more short-term gains, but...there's substantial sticky, longer-term money basically (still) sat in that long," she said.
Published 09 Apr, 2021 06:02pm
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 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
Copper falls to nearly 3-week low on China demand worries, firm dollar
Markets

Copper falls to nearly 3-week low on China demand worries, firm dollar

  • Three-month copper on the London Metal Exchange shed 2.2% to $8,780.50 a tonne in official trading, having hit $8,702 a tonne, its lowest since March 5.
  • Chinese demand worries and a stronger dollar - these are the two main macro factors that's causing a general loss of risk appetite across the whole commodity space.
Published 25 Mar, 2021 08:50pm
Copper loses ground as US-China meeting fuels caution
Markets

Copper loses ground as US-China meeting fuels caution

  • Markets are also unsettled after a rapid rise in US bond yields turned investors cautious, taking some heat from rallies in equities, oil and industrial metals.
  • Benchmark copper on the London Metal Exchange (LME), which reached a decade high of $9,617 a tonne last month, was at $9,017.50 in official trading, down 0.4% for the day and around 0.7% for the week.
Published 19 Mar, 2021 09:55pm
Chinese miner Zijin posts record annual profit as gold, copper prices surge
Business & Finance

Chinese miner Zijin posts record annual profit as gold, copper prices surge

  • Revenues rose 47% to 182.3 billion yuan last year, the company said in a filing, as it cashed in on more than 25% rises in the prices of precious metal gold, which hit an all-time peak in August, and industrial metal copper.
  • The price jump bolstered Zijin's coffers, with cash and cash equivalents almost doubling from a year earlier to 11.79 billion yuan as of Dec. 31, paving the away for the continuation of an acquisition spree that has seen the company buy mines in Colombia and Guyana.
Published 19 Mar, 2021 09:46pm
Copper firm on supply concern, but dollar weighs
Markets

Copper firm on supply concern, but dollar weighs

  • Benchmark copper on the London Metal Exchange traded up 0.1% at $9,077.5 a tonne in official rings.
  • Copper and other base metals have struggled to find clear direction in the last few weeks thanks to macro market jitters and the bond market tantrum which caused consternation in cross-asset markets.
Published 18 Mar, 2021 08:13pm
Chile's lower chamber of deputies set to decide fate of mining royalty bill
World

Chile's lower chamber of deputies set to decide fate of mining royalty bill

  • Chile's sprawling copper industry maintains it has already hit its limit in terms of tax burden, and that hiking royalties could put some smaller mines, with higher-costs, out of business.
  • Chile's National Mining Society (Sonami) told Reuters that the bill was also unconstitutional, and has repeatedly warned that its passage would could harm investment.
Published 18 Mar, 2021 07:50pm