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copper rate

Copper loses ground
Markets

Copper loses ground

LONDON: Copper prices fell with global stock markets on Friday after a confrontation between Chinese and US ...
Published 20 Mar, 2021 04:39am
Copper climbs
Markets

Copper climbs

LONDON: Copper climbed on Wednesday on indications of higher demand for the metal, though gains were capped by ...
Published 18 Mar, 2021 03:56am
Copper prices slip
Markets

Copper prices slip

LONDON: Copper prices slumped on Tuesday as investors shed some of their bullish positions on uncertainty ahead of...
Published 17 Mar, 2021 04:45am
Copper prices slip
Markets

Copper prices slip

LONDON: Copper prices fell on Tuesday after modest economic growth targets from China and indications that it could...
Published 10 Mar, 2021 04:59am
Global copper smelting edges lower in February due to Chinese holiday
Markets

Global copper smelting edges lower in February due to Chinese holiday

  • The large decline in Chinese smelter activity was well anticipated due to the holiday period and should recover fairly quickly.
  • If the improvements seen in most regions continue through March, combined with a resumption in Chinese activity, the next month could be the first time in many months where activity level trends are aligned across all major regions.
Published 03 Mar, 2021 05:57pm
Chile's Codelco copper output jumps in January, Escondida dips
Markets

Chile's Codelco copper output jumps in January, Escondida dips

  • The state-run Chilean Copper Commission (Cochilco) reported that production by Codelco, the world's largest miner of the red metal, rose 19.4% year-on-year to 142,000 tonnes in the month.
  • Collahuasi - a partnership between Glencore and Anglo American along with Japanese companies - posted a 6.5% year-on-year rise in production to 57,000 tonnes.
Published 02 Mar, 2021 09:41pm
Copper's rally may be back on as prices steady above $9,000
Markets

Copper's rally may be back on as prices steady above $9,000

  • Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $9,150 a tonne.
  • On the Shanghai Futures Exchange (ShFE), speculators' net long reached 57.9% of open contracts on Friday, the most since 2003, before falling to 51.8% on Monday, Marex said.
Published 02 Mar, 2021 06:09pm
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 at one-month high on stimulus hopes, soft dollar
Markets

Copper at one-month high on stimulus hopes, soft dollar

  • Three-month copper on the London Metal Exchange (LME) added 1.1% to trade at $8,132 per tonne in official trading.
  • Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs, pushing commodities up.
Updated 09 Feb, 2021 10:02pm
Copper prices slide, demand worry dominates mood
Markets

Copper prices slide, demand worry dominates mood

  • Benchmark copper on the London Metal Exchange was down 1.9% at $7,975 a tonne.
  • There has been a fair amount of profit-taking on long positions," a copper trader said. "The dollar and China's coronavirus cases triggered the sell-off, but copper has come a long way since (early) last year.
Published 11 Jan, 2021 06:02pm