Trends - Copper - Business Recorder

Copper

Copper slips further below $8,000 as rally runs out of gas

Metals were also under pressure as the greenback climbed against major peers amid tightening COVID-19 lockdowns globally.

Published 21 Dec, 2020 08:56am

Markets

Copper set for seventh straight weekly gain on US stimulus hopes

Three-month copper on the London Metal Exchange rose 0.9% to $7,988 a tonne by 0223 GMT and was up 0.9% for the week.

Published 18 Dec, 2020 09:59am

Markets

Copper advances as investors eye further US stimulus

LME aluminium rose 0.5% to $2,044.50 a tonne, zinc advanced 0.4% to $2,842 a tonne .

Published 17 Dec, 2020 09:43am

Markets

Copper heads towards eight-year high on demand hopes and inventories

The metal used widely in the power and construction industries hit $7,973.50 last Friday, its highest since February 2013.

Published 16 Dec, 2020 06:35pm

Markets

Copper advances on solid China data, vaccine optimism

China's factory output grew at the fastest pace in 20 months in November on rising demand for its manufactured goods.

Published 16 Dec, 2020 09:59am

Markets

China data and vaccine optimism lift copper price

Benchmark three-month copper on the London Metal Exchange (LME) added 0.4% to $7,784 per tonne.
The metal, seen as a bellwether of global economic health, has gained more than 80% .

Published 16 Dec, 2020 01:14am

Markets

Stocks steady as infection fears curb vaccine optimism

China's blue-chips, however, ended 0.2pc higher, helped by upbeat factory data which expanded for an eighth month in a row as an economic recovery gathered pace.

Published 15 Dec, 2020 05:00pm

Markets

London nickel scales 14-month peak on supply crunch fears

The most-active February nickel contract on the Shanghai Futures Exchange climbed 3.4% to 133,190 yuan ($20,376.04) a tonne, advancing for a sixth consecutive session.

Published 14 Dec, 2020 11:33am

Markets

Copper slips on profit-taking, worries over Brexit, U.S. stimulus

Copper has been buoyed recently by bullish developments, including strong demand from China and possible supply problems.

Published 11 Dec, 2020 05:17pm

Markets

Shanghai nickel jumps on demand outlook, LME benchmark slips

Nickel, used in stainless steel, has gained 13% in the Shanghai bourse this year, while LME nickel has risen around 23% on strong demand from Chinese stainless steel producers and a supply crunch due to an Indonesian export ban.

Published 11 Dec, 2020 10:43am

Markets

Copper dips on firm dollar, US stimulus doubts; aluminium shimmers

The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.4% to 56,890 yuan ($8,691.87) a tonne.

Published 10 Dec, 2020 09:29am

Markets

Copper rises on vaccine optimism and faltering dollar

Benchmark copper on the London Metal Exchange had gained 0.5pc to $7,736 per tonne by 1500 GMT, close to the $7,800 touched on Monday, its highest since March 2013.

Published 09 Dec, 2020 09:17pm

Markets

Copper falls as US-China tensions simmer

The most-traded January copper contract on the Shanghai Futures Exchange declined 0.8% to 56,910 yuan ($8,706.76) a tonne.

Published 08 Dec, 2020 09:07am

Markets

China Nov copper imports fall to 6-month low as arbitrage window slams shut

Concentrate supply remains tight as miners and smelters negotiate treatment and refining charges for 2021.

Published 07 Dec, 2020 11:41am

Markets

LME copper may rise into $7,843-$8,116 range this week

The resistance is identified as the 107pc projection level of an upward wave C from $4,371.

Published 30 Nov, 2020 04:11pm

Markets

Copper hits multi-year peak as companies and speculators buy

Three-month copper on the London Metal Exchange (LME)gained 1pc to $7,476.50 a tonne in official trading after hitting its highest since May 2013 at $7,511.

Published 27 Nov, 2020 06:33pm

Markets

London copper hits near 7-1/2-yr high, set for weekly gain on recovery hopes

LME copper has leapt 71pc from the March low of $4,371 a tonne on hopes of global activities soon returning to normal following positive vaccine trial results.

Published 27 Nov, 2020 04:28pm

Markets

Copper set for third weekly rise on China demand, supply worries

The metal, widely used in power and construction, was on course to add 2.3pc on the London Metal Exchange this week, its third successive weekly rise.

Published 20 Nov, 2020 05:28pm

Markets

China's new international copper futures slip on debut

INE bonded copper closes down 1.2% on 47,090 yuan/tonne.
Jiangxi Copper, Minmetals among first firms to trade – INE.
Trading volume around one-ninth of ShFE copper contract.

Published 19 Nov, 2020 04:52pm

Markets

Copper slips from 29-month highs as dollar strengthens

European stock markets and oil prices rose for a second day, though weak inflation data in China.
The dollar, meanwhile, recouped some of Monday's losses, pressuring metals by making them more expensive for buyers with other currencies.

Published 10 Nov, 2020 05:12pm

Markets

Copper rises to 28-month high on stimulus hopes, stronger yuan

Benchmark copper on LME was up 1% at $6,964.50 a tonne in official trading after earlier reaching $6,985.

Published 21 Oct, 2020 06:20pm

Markets

LME copper may revisit its Oct. 2 low of $6,269 this week

The drop from the Sept. 21 high of $6.877.50 may consist of three waves.

Updated 19 Oct, 2020 06:56pm

Business & Finance

Chile's Codelco says operations normal, aims to meet 2020 output targets

The pandemic hit Chile in March, forcing Codelco, the world's top copper producer, to sharply reduce its workforce.
Our production situation is 100% normal and we expect to meet out commitments by year's end.

Published 16 Oct, 2020 12:52am

Markets

Copper drifts higher on Chile labour talks and US stimulus hopes

Three-month copper on the London Metal Exchange (LME) added 0.3% to $6,712 a tonne.
The second wave of the virus will force central banks to continue to inject huge amounts of liquidity in the markets and we've seen a drawdown of copper out of China.

Published 15 Oct, 2020 12:58am

Markets

Copper edges lower despite strong Chinese trade data

Benchmark three-month copper on the London Metal Exchange (LME) was down 0.4pc at $6,711.50 a tonne at 1057 GMT but still close to September's 27-month high of $6,877.50.

Published 13 Oct, 2020 04:51pm

Markets

Copper nears multi-year highs on Chinese demand

Benchmark three-month copper on the London Metal Exchange (LME) was down 0.2% at $6,748 a tonne.
We are going to enter a more gradual, steady climb upwards.

Published 13 Oct, 2020 12:43am

Markets

Copper set for biggest weekly jump in 3 months on US stimulus hopes, Chile strike

Three-month copper on the London Metal Exchange rose 1pc to $6,752 a tonne by 0703 GMT.

Published 09 Oct, 2020 05:04pm

Markets

Copper edges higher on potential Chile mine disruption

Three-month copper on the London Metal Exchange (LME) was up 0.2pc at $6,538 a tonne by 0936 GMT after volatile moves last week.

Published 06 Oct, 2020 03:23pm

Markets

Copper hits seven-week lows after Trump tests positive for coronavirus

Benchmark Copper on the London Metal Exchange (LME) was down 0.9pc at $6,330 a tonne at 1000 GMT.

Published 02 Oct, 2020 06:13pm

Markets

Copper rebounds on upbeat Chinese and US economic data

Copper fluctuated between modest losses and gains in early trade but climbed after the US payrolls data was released.
The data overnight shows China is clearly improving, but at the same time so has the data in terms of available copper stocks over the past few days.

Published 30 Sep, 2020 11:52pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

Copper

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