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Topic

Copper stocks

Copper slides to 20-month low

Copper slides to 20-month low

Published 14 Jul, 2022 05:00am
LONDON: Copper prices on Wednesday fell to their lowest since November 2020 as data showing the highest US inflation...
Copper slips from three-week high as dollar strengthens

Copper slips from three-week high as dollar strengthens

Published 06 Jul, 2021 08:15pm
  • Three-month copper on the London Metal Exchange (LME) declined 1.1% to $9,407 a tonne.
  • Copper has pulled back from the record peak of $10,747.50 touched in May, partly because of weak copper demand in China.
Copper sinks

Copper sinks

Published 18 Jun, 2021 04:16am
LONDON: Copper prices fell to their lowest in two months on Thursday after the US Federal Reserve brought forward ...
Copper hits record high on industry and speculative buying

Copper hits record high on industry and speculative buying

Published 07 May, 2021 05:24pm
  • Benchmark copper on the London Metal Exchange (LME) broke above the previous record high of $10,190 set in 2011 and had gained 2.3% to $10,325.
  • The most-traded June copper contract on the Shanghai Futures Exchange climbed as much as 2.7% to 74,950 yuan ($11,603) a tonne, its highest since May 2006 and only 1.6% below its record peak of 76,160 yuan.
Teck posts 247pc jump in quarterly profit on higher copper prices

Teck posts 247pc jump in quarterly profit on higher copper prices

Published 28 Apr, 2021 09:17pm
  • Average price realized for copper rose 54% to $3.92 per pound in the first quarter, while sales stood at 67,000 tonnes compared with 73,000 tonnes a year earlier.
  • Production at Teck Resources' steelmaking coal operations rose 20% to 5.9 million tonnes in the first quarter.
China March copper, lead and zinc output up y/y

China March copper, lead and zinc output up y/y

Published 12 Apr, 2021 05:52pm
  • The 22 smelters in its copper production survey churned out 792,800 tonnes of cathodes last month, up from a low base in coronavirus-affected March 2020 and a 28-day February in 2021.
  • A slight increase in maintenance this month will see April cathode output fall to around 780,000 tonnes, Antaike said.
Dollar, inventories weigh on copper prices

Dollar, inventories weigh on copper prices

Published 30 Mar, 2021 05:43pm
  • 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.
Copper slides as ship blocking Suez partly refloated

Copper slides as ship blocking Suez partly refloated

Published 29 Mar, 2021 06:05pm
  • Benchmark copper on the London Metal Exchange traded down 0.3% to $8,937 a tonne in official rings. Prices are down 7% since hitting 9-1/2-year highs of $9,617 last month.
  • The blockage in the Suez Canal made people think about higher costs of transporting metal. It's not over yet, but the ship is moving.
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