Trends - Copper - Business Recorder

Copper

Copper gains capped by long term prospects, higher stocks

Prices of the metal used widely in the power and construction industries are down more than 4pc since hitting a 27-month high at $6,877.50 last week.

Published 28 Sep, 2020 05:16pm

Markets

Stronger dollar and new COVID-19 cases drag metals lower

Investors fretting about the impact of a sharp rise in cases in Europe kept the dollar near two-month highs.
Three-month copper on the London Metal Exchange was down 0.8% at $6,551 a tonne at 1650 GMT after touching its lowest since Aug. 18.

Published 24 Sep, 2020 11:53pm

Markets

Glencore says Kamoto Copper Company ramping up to full production

KCC is also expected to produce 25,000 tonnes of cobalt hydroxide, Glencore's Mark Davis said.
Davis said the meeting with Prime Minister Sylvestre Ilunga Ilunkamba was an opportunity to build on the "good discussions" .

Published 23 Sep, 2020 12:57am

Markets

Copper hits over 2-year high on Chinese demand recovery

The most-traded copper contract on the Shanghai Futures Exchange finished up 0.3pc at 52,160 yuan ($7,710.39) a tonne.

Published 21 Sep, 2020 04:09pm

Markets

Copper hits two-year peak on speculative buying and China hopes

Benchmark copper on the London Metal Exchange (LME) hit $6,850 a tonne, its highest since June 2018.
Copper has surged by 55% since hitting 45-month lows in March.

Published 18 Sep, 2020 06:43pm

World

India plans to restrict copper, aluminium imports with an eye on China

Officials in New Delhi are expected to soon ask importers to register with authorities as a first step towards tighter controls that would require permits for individual shipments of the two metals,
The purpose of (the) system is to have adequate information ... so that an appropriate policy intervention could be devised.

Published 10 Sep, 2020 05:41pm

Markets

Copper edges higher as China recovery stays the course

The metal has gained about 50% since March and is the best performer this year among base metals.

Published 09 Sep, 2020 08:39pm

Markets

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

Markets

Copper drops on profit-taking, improved mine output

Benchmark copper prices have rebounded by about 50% since March.
Many pieces were falling into place for the metals during the past two or three months.

Published 03 Sep, 2020 05:55pm

Markets

Chinese data helps propel copper to 2-year highs

LME copper stocks fall to lowest since Dec 2005.
Premium for cash copper over 3-month narrows.

Published 01 Sep, 2020 09:35pm

Markets

Peru copper mining almost 'completely recovered' from pandemic

Peru's copper production, however, fell 2.2% in July, compared with the same period a year earlier, to 198,796 tons.
The Peruvian government decreed a quarantine due to the coronavirus in mid-March, with special restrictions on mining activity.

Published 01 Sep, 2020 09:31pm

Markets

China copper firm Daye ups output target after loss, delays smelter launch

Daye lifts 2020 copper cathode output target by 5,000 tonnes.
Says managed to operate above 80% capacity even in Feb-March.
New 400,000 tpy smelter will now start up in 2022, not 2021.

Published 31 Aug, 2020 07:01pm

Markets

Copper hits fresh 2-year high on weak dollar, falling stocks

Inventories of copper are drawing down at a decent pace and the fundamentals are looking quite good.
There were also signs of a high level of systematic buying and high frequency trading.

Published 28 Aug, 2020 06:01pm

Markets

Copper supported by low stocks and weaker dollar

Nickel prices hit highest since November 2019.
Cash copper still at a premium to 3-month contract.

Published 25 Aug, 2020 07:23pm

Markets

Copper rises as LME inventories dwindle to 13-year low

Benchmark copper on the LME traded up 1.1% at $6,559.50 a tonne.

Published 24 Aug, 2020 06:22pm

Markets

Antofagasta earnings dive 22pc on weaker copper, keeps dividend

Antofagasta cuts dividend by 42%.
Maintains copper output, spending targets.
H1 profits close to consensus.

Updated 20 Aug, 2020 06:38pm

Markets

London copper jumps to highest in over two years as output falls

Three-month copper on the London Metal Exchange jumped as much as 1.8pc to $6,686 a tonne, its highest since June 2018.

Published 19 Aug, 2020 05:44pm

Markets

LME copper may revisit July 13 high of $6,633 this week

The correction has been driven by a wave 4, the fourth wave of a five-wave cycle from $5,146.

Published 17 Aug, 2020 04:59pm

Markets

Copper gains on China data but heading for weekly loss

Three-month copper on the London Metal Exchange, rose 1.3pc to $6,338.50 a tonne by 1136 GMT.

Published 14 Aug, 2020 06:16pm

Markets

Copper slips on weak European factory data

Benchmark copper on the London Metal Exchange (LME) was down 0.1pc at $6,382 a tonne at 1048 GMT.

Published 12 Aug, 2020 04:08pm

Markets

LME copper eases on stronger dollar, rising Sino-US tension

The most-traded September copper contract on the Shanghai Futures Exchange closed up 0.1pc to 50,340 yuan ($7,237.44) a tonne.

Published 11 Aug, 2020 04:46pm

Markets

Copper dips as US-China tensions simmer, economy weighs

Investors were reminded of the consequences of the virus as the number of people in work in Britain suffered the biggest drop in a decade.

Published 11 Aug, 2020 03:38pm

Markets

Copper rallies as spotlight shifts back to stronger demand

China's copper import surge in focus.
LME copper stocks at lowest since March 2019.

Published 11 Aug, 2020 12:14am

Markets

China July copper output dips, zinc production rises

Its survey of 22 copper smelters put refined cathode output at 687,100 tonnes last month, down 1.7pc from a revised 699,200 tonnes for June.

Published 10 Aug, 2020 04:23pm

Markets

Copper up on demand hopes, sliding inventories

Premium for cash over 3-month copper contract narrows.
LME copper stocks down more than 50% since May.

Updated 06 Aug, 2020 12:49am

Markets

Peru copper and gold output nosedive in first half of 2020, ravaged by coronavirus

The world's No. 2 copper producer said production of the red metal plunged 20.4% in the first half of 2020 versus the same period in 2019.
Gold production also fell 34.7% in the first six months of the year, while zinc output dropped off 23.7%, the country's Energy and Mines ministry said in a statement.

Published 04 Aug, 2020 11:23pm

Markets

London copper eases as investors eye next cue

Three-month copper on the London Metal Exchange fell 0.5pc to $6,456 a tonne by 0705 GMT.

Published 04 Aug, 2020 04:01pm

Markets

Copper set for 4th monthly gain as metals rise on weak dollar, strong China data

A weaker greenback makes dollar-denominated metals cheaper for holders of other currencies and can support prices.

Published 31 Jul, 2020 06:06pm

Markets

Copper slips on rising virus cases, economic worries

In Europe, shares fell on dismal earnings reports and data showing Europe's biggest economy Germany had shrunk by a record 10.1pc in the second quarter.

Published 30 Jul, 2020 03:39pm

Markets

London copper advances as investors eye US stimulus package

Positive COVID-19 vaccine developments, with Moderna Inc and Pfizer Inc launching two late-stage vaccines trials that could achieve regulatory approval and widespread use by end-2020.

Published 28 Jul, 2020 05:18pm

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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