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Copper

Copper dips as sizzling rally loses some of its heat

Copper dips as sizzling rally loses some of its heat

  • Benchmark copper on the LME was down 0.8% at $6,736 a tonne in official trading.
  • The macro picture looks pretty strong," said Robin Bhar, an independent analyst. "Activity in China is more or less back to normal.
Published 08 Sep, 2020 07:13pm
Copper falls as Sino-US tensions rise
Markets

Copper falls as Sino-US tensions rise

  • The United States' move to shut the Chinese consulate in Houston, Texas on Wednesday prompted Beijing to consider closing the US consulate in the central city of Wuhan.
Published 23 Jul, 2020 05:18pm
Copper steady near two-year high, new coronavirus cases weigh
Markets

Copper steady near two-year high, new coronavirus cases weigh

  • A week ago the metal touched a peak of $6,633 a tonne, the highest since 2018, up from a low of $4,371 in March.
  • A rebound in the economy of top metals consumer China and supply disruptions, mainly in the world's main producing region South America, has boosted prices.
Published 21 Jul, 2020 12:23am
Copper slips as Chinese data raises doubts over demand
Markets

Copper slips as Chinese data raises doubts over demand

  • The metal used in power and construction reached $6,633 on Monday after a spectacular rally from $4,371 in March, when the coronavirus spread worldwide.
  • The head of the International Monetary Fund said the global economy is "not out of the woods yet".
Published 16 Jul, 2020 05:34pm