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copper products

Copper eases as dollar firms on US inflation jitters
Markets

Copper eases as dollar firms on US inflation jitters

  • Three-month copper on the London Metal Exchange eased 0.1% to $9,408 a tonne.
  • China, the world's biggest metals consumer, will take "comprehensive measures" to ease rising commodity prices, Premier Li Keqiang said.
Published 14 Jul, 2021 01:31pm
Copper rises as strike fears and Chinese data reassure bulls
Markets

Copper rises as strike fears and Chinese data reassure bulls

  • Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
  • Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.
Published 27 May, 2021 08:27pm
Copper up on dollar, strike possibility in Chile
Markets

Copper up on dollar, strike possibility in Chile

  • Benchmark copper on the London Metal Exchange traded up 1% at $10,104 a tonne in official rings. However, prices of the metal used widely in power and construction are down 6% since hitting a record $10,747.50 a tonne earlier in May.
Published 20 May, 2021 08:32pm
Slumping dollar boosts base metals, zinc hits 3-year high
Markets

Slumping dollar boosts base metals, zinc hits 3-year high

  • Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $10,496.50 a tonne in official trading and near last week's record high of $10,747.50.
  • LME zinc was up 2.4% at $3,085 a tonne after surging to $3,108.50, its highest since June 2018.
Published 18 May, 2021 08:31pm
Copper clings to gains near record high on demand hopes
Markets

Copper clings to gains near record high on demand hopes

  • Copper prices have doubled in the last year, fuelled by a rebound in demand from top consumer China and other economies after a COVID-19 induced slump.
  • Funds have raised their bullish bets on LME and Comex copper, according to estimates by broker Marex and the US Commodity Futures Trading Commission.
Published 12 May, 2021 06:21pm
Dollar, inventories weigh on copper prices
Markets

Dollar, inventories weigh on copper prices

  • Benchmark copper was down 0.7% at $8,804 a tonne.
  • Stocks of copper in LME registered warehouses rose 10,500 tonnes to 142,550 tonnes, a rise of more than 90% since the start of March.
Published 30 Mar, 2021 05:43pm
Copper slides as ship blocking Suez refloated
Markets

Copper slides as ship blocking Suez refloated

  • Benchmark copper on the London Metal Exchange was down 0.9% to $8,883 a tonne.
  • "Copper prices lurched lower after we saw the news about the ship in the Suez Canal," a copper trader said. "There may still be a knock-on effect on costs and there is still a queue, but at least the canal isn't blocked any more."
Published 29 Mar, 2021 08:10pm
Boliden launches low-carbon copper products
Business & Finance

Boliden launches low-carbon copper products

  • The main spotlight on cutting emissions from industrial metals so far has been aluminium due to its very energy-intensive production, but copper's wide use makes it important as well, he added.
  • Copper, the third most consumed industrial metal after iron and aluminium, is used in electric cabling, construction and increasingly in electric vehicles and wind turbines.
Published 19 Mar, 2021 06:24pm
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
Copper rises on signs of higher demand but dollar caps gains
Markets

Copper rises on signs of higher demand but dollar caps gains

  • Three-month copper on the London Metal Exchange (LME) rose 0.7% to $9,024.50 per tonne in official trading, having touched a 9-1/2 year peak of $9,617 last month.
  • We are still in a long term constructive environment for copper. Generally commodities are in a bull market given some of structural changes in terms of demand for energy metals.
Published 17 Mar, 2021 08:28pm
Copper's spectacular rally slows at 9 1/2-year highs
Markets

Copper's spectacular rally slows at 9 1/2-year highs

  • Benchmark copper on the London Metal Exchange was up 0.2% at $9,112 a tonne. *Prices have shot up 16% in February, the biggest monthly rise since November 2016, taking gains since the start of 2020 to around 50%.
Published 23 Feb, 2021 05:49pm
Copper slips on profit-taking, but holds near 9-year peak
Markets

Copper slips on profit-taking, but holds near 9-year peak

  • Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
  • "The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."
Published 17 Feb, 2021 06:40pm
Copper hovers near eight-year high as Chinese holiday starts
Markets

Copper hovers near eight-year high as Chinese holiday starts

  • The start of the Chinese holiday kept trading activity low, with benchmark copper on the London Metal Exchange (LME) flat at $8,299 a tonne.
  • The more the price moves up in the very short term the bigger the fall will be in the second half of this year.
Published 11 Feb, 2021 05:20pm
Firmer dollar, equities sell-off push Shanghai copper to 1-month low
Markets

Firmer dollar, equities sell-off push Shanghai copper to 1-month low

  • The most-traded March copper contract on the Shanghai Futures Exchange dropped as much as 2% to 57,620 yuan ($8,895.82) a tonne, a level unseen since Dec. 23, 2020.
  • Three-month copper on the London Metal Exchange edged 0.1% lower to $7,818 a tonne, and nickel fell 1.4% to $17,660 a tonne and tin shed 1% to $22,575 a tonne.
Published 28 Jan, 2021 07:43pm