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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Copper stocks

Copper slides to 20-month low
Markets

Copper slides to 20-month low

LONDON: Copper prices on Wednesday fell to their lowest since November 2020 as data showing the highest US inflation...
Published 14 Jul, 2022 05:00am
Copper sinks
Markets

Copper sinks

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

Copper hits record high on industry and speculative buying

  • 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.
Published 07 May, 2021 05:24pm
Teck posts 247pc jump in quarterly profit on higher copper prices
Markets

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

  • 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.
Published 28 Apr, 2021 09:17pm
China March copper, lead and zinc output up y/y
Business & Finance

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

  • 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.
Published 12 Apr, 2021 05:52pm
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 partly refloated
Markets

Copper slides as ship blocking Suez partly refloated

  • 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.
Published 29 Mar, 2021 06:05pm