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copper production

Copper recoils on Chile mine deal, firmer dollar
Markets

Copper recoils on Chile mine deal, firmer dollar

  • 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.
Published 11 Aug, 2021 05:56pm
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 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 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 slips as Chinese factory gate prices surge
Markets

Copper slips as Chinese factory gate prices surge

  • 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.
Published 09 Jun, 2021 06:31pm
Shanghai copper registers second monthly gain on supply concerns
Markets

Shanghai copper registers second monthly gain on supply concerns

  • The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
  • The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.
Published 31 May, 2021 06:37pm