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copper production

Copper leaps to 9-year high as China accelerates metals rally

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 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 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