Trends - copper production - Business Recorder

Markets

China copper smelters keep Q1 2023 treatment charges same as prior quarter

FOSHAN (China): China’s top copper smelters agreed to make no change to the guidance price for treatment and...

Published 03 Jan, 2023 03:25am

Markets

Shanghai copper gains on demand hopes as China eases COVID curbs

Shanghai copper prices rose on Thursday as the lifting of COVID-19 curbs in top metals consumer China buoyed hopes...

Published 02 Jun, 2022 04:34pm

Markets

Copper steady on hopes of demand boost from China

LONDON: Copper prices touched their highest in over three weeks on Tuesday on hopes that lifting China’s lockdown...

Published 31 May, 2022 05:19pm

Markets

Copper falls as investors fear global economic slowdown

LONDON: Copper prices fell on Tuesday, pressured by fears of slowing global economic growth that also pulled down...

Published 24 May, 2022 04:28pm

Markets

Copper gains as China’s COVID-19 cases ease, but demand still at risk

LONDON: Copper prices gained on Wednesday as slowing COVID-19 infections in top metals consumer China eased...

Published 11 May, 2022 04:51pm

Markets

China’s Jan copper, zinc and lead output down

BEIJING: China’s January copper cathode output from major smelters fell 7.49% from the prior month due to...

Published 16 Feb, 2022 06:20am

Markets

Chile's copper production down 1.6% in November; manufacturing output rises

SANTIAGO: Copper production in Chile, the world's largest producer of the metal, fell 1.6% year-on-year in November,...

Published 31 Dec, 2021 06:47pm

Markets

Copper stumbles on worries about China demand, power crisis

LONDON: Copper prices retreated on Tuesday, weighed down by worries that a power crisis and slower economic growth ...

Updated 26 Oct, 2021 05:50pm

Markets

Copper bounces, but set for weekly decline of 3%

Three-month copper on the London Metal Exchange gained 1.8% to $9,099 a tonne in official trading after sliding by 2.4% in the previous session

Updated 01 Oct, 2021 05:46pm

Markets

Copper climbs on weak US inflation, China data caps gains

Three-month copper on the LME rose for the first time this week, climbing 0.7% to $9,505 per tonne

Published 15 Sep, 2021 04:55pm

Markets

Copper claws higher on physical demand, but jittery on rates

The market is suddenly looking stronger, we have buyers out there for the physical stuff, not just the financial players

Published 24 Aug, 2021 05:10pm

Markets

Copper rebounds, but demand concerns dominate market

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"

Updated 20 Aug, 2021 06:20pm

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

Markets

Chile supply concerns help copper bounce

"The potential for disruptions in Chile is creating some jitters, but the dollar is up and China growth is slowing".

Published 10 Aug, 2021 06:15pm

Markets

Demand doubts and dollar weigh on copper

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

Published 09 Aug, 2021 05:49pm

Markets

Copper drifts as focus turns to US jobs data

Benchmark copper on the London Metal Exchange had eased 0.1% to $9,527.50 per tonne in official rings, after trading marginally higher.

Updated 04 Aug, 2021 08:21pm

Markets

Demand doubts and dollar dent copper sentiment

"China's economy and demand is slowing, the dollar isn't helping and Chinese authorities are intent on making sure the market understands what they want"

Published 19 Jul, 2021 05:54pm

Markets

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

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.

Published 05 Jul, 2021 06:37pm

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

Markets

Chinese data weighs on copper; fund buying supports

Benchmark copper on the London Metal Exchange (LME) traded 0.1% down at $9,367.5 a tonne in official rings.
Three-month lead was down 2.2% at $2,224 a tonne.

Published 01 Jul, 2021 06:46pm

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

Markets

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

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.

Published 21 Jun, 2021 05:05pm

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

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

Markets

Copper falls on China's pledge to cool metals prices

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,832 per tonne.
China is looking to release 800,000-900,000 tonnes of primary aluminium.

Published 10 Jun, 2021 06:21pm

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

Markets

Chile posts $1.314bn trade surplus in May, copper exports up 70pc y/y

The value of copper shipments increased 70% year-on-year to $4.967 billion in May.
Total exports from the South American nation hit $7.920 billion, while imports were $6.606 billion.

Updated 07 Jun, 2021 06:11pm

Markets

Copper rebounds on bargain hunting after steep fall

Three-month copper on the London Metal Exchange (LME) gained 0.8% to $9,866 a tonne in official trading, having lost as much as 3.8% in the previous session.

Published 04 Jun, 2021 06:45pm

Markets

Copper falls below $10,000 as US jobs data knocks markets

Benchmark copper on the London Metal Exchange (LME) was down 1.6% at $9,989.50 a tonne at in official trading.

Published 03 Jun, 2021 07:38pm

Markets

Copper falters on strong dollar and low Chinese demand

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.

Published 02 Jun, 2021 06:16pm