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Topic

copper production

Copper rebounds, but demand concerns dominate market

Copper rebounds, but demand concerns dominate market

Updated 20 Aug, 2021 06:20pm
  • Negative factors haven't gone away, but the question is whether they have been fully priced in or if there is more to go
  • "The stronger dollar and the spreading Delta virus are additional negatives"
Copper recoils on Chile mine deal, firmer dollar

Copper recoils on Chile mine deal, firmer dollar

Published 11 Aug, 2021 05:56pm
  • Losses were modest, however, after US lawmakers approved a $1 trillion infrastructure spending bill
  • Copper has pulled back from a record peak of $10,747.50 touched in May, but is still up 22% so far this year.
Demand doubts and dollar weigh on copper

Demand doubts and dollar weigh on copper

Published 09 Aug, 2021 05:49pm
  • Benchmark copper on the London Metal Exchange (LME) traded down 1.4% at $9,337.5 a tonne in official rings after touching its lowest since July 21 at $9,295
Fundamentals shaky, but funds fuel copper's rise to 2-week peak

Fundamentals shaky, but funds fuel copper's rise to 2-week peak

Published 05 Jul, 2021 06:37pm
  • Benchmark copper on the London Metal Exchange gained 0.9% to $9,461 a tonne in official trading.
  • Prices of the metal used by investors to make bets on manufacturing and economic growth earlier touched $9,536, the highest since June 16.
Copper prices buoyed by bargain hunters

Copper prices buoyed by bargain hunters

Published 02 Jul, 2021 06:12pm
  • 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.
Copper prices slip on US inflation jitters

Copper prices slip on US inflation jitters

Published 24 Jun, 2021 04:36pm
  • "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.
Copper sell-off continues as prices hit 10-week low

Copper sell-off continues as prices hit 10-week low

Published 21 Jun, 2021 05:05pm
  • Benchmark copper on the London Metal Exchange (LME) was down 0.4% at $9,108.50 a tonne.
  • The metal used in power and construction hit a record high of $10,474.50 in May. Prices fell 8.6% last week.
Copper trades flat in thin holiday trade

Copper trades flat in thin holiday trade

Published 14 Jun, 2021 06:23pm
  • 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.
Copper set for weekly fall on China price-curb fears

Copper set for weekly fall on China price-curb fears

Published 11 Jun, 2021 06:35pm
  • 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.
Copper slips as Chinese factory gate prices surge

Copper slips as Chinese factory gate prices surge

Published 09 Jun, 2021 06:31pm
  • Benchmark copper on the London Metal Exchange (LME) was down 0.6% at $9,904.50 a tonne in official trading, off a record high of $10,747.50 reached on May 10.
  • Chinese Yangshan copper import premiums fell to $26, the lowest in at least 9 years, pointing to weak demand for overseas metal.
Copper falters on strong dollar and low Chinese demand

Copper falters on strong dollar and low Chinese demand

Published 02 Jun, 2021 06:16pm
  • Benchmark copper on the London Metal Exchange (LME) was down 1% at $10,113.50 a tonne in official trading.
  • "Demand concerns have been raised onshore (in China), particularly in copper," broker Marex said in a note.
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