ANL 10.60 Increased By ▲ 0.19 (1.83%)
ASC 9.32 Increased By ▲ 0.11 (1.19%)
ASL 11.90 Increased By ▲ 0.13 (1.1%)
AVN 80.66 Increased By ▲ 4.61 (6.06%)
BOP 5.55 Increased By ▲ 0.06 (1.09%)
CNERGY 5.50 Increased By ▲ 0.13 (2.42%)
FFL 6.75 Increased By ▲ 0.04 (0.6%)
FNEL 6.05 Increased By ▲ 0.12 (2.02%)
GGGL 11.43 Increased By ▲ 0.13 (1.15%)
GGL 16.88 Increased By ▲ 0.38 (2.3%)
GTECH 8.81 Increased By ▲ 0.28 (3.28%)
HUMNL 7.27 Increased By ▲ 0.05 (0.69%)
KEL 3.12 Increased By ▲ 0.25 (8.71%)
KOSM 3.15 Increased By ▲ 0.05 (1.61%)
MLCF 26.90 Increased By ▲ 0.91 (3.5%)
PACE 3.10 Decreased By ▼ -0.05 (-1.59%)
PIBTL 6.10 Increased By ▲ 0.06 (0.99%)
PRL 18.50 Increased By ▲ 0.35 (1.93%)
PTC 7.11 Increased By ▲ 0.10 (1.43%)
SILK 1.19 Increased By ▲ 0.02 (1.71%)
SNGP 34.05 Increased By ▲ 0.80 (2.41%)
TELE 11.40 Increased By ▲ 0.28 (2.52%)
TPL 9.54 Increased By ▲ 0.32 (3.47%)
TPLP 20.71 Increased By ▲ 0.54 (2.68%)
TREET 30.20 Increased By ▲ 1.50 (5.23%)
TRG 78.30 Increased By ▲ 2.55 (3.37%)
UNITY 20.55 Increased By ▲ 0.27 (1.33%)
WAVES 12.85 Increased By ▲ 0.25 (1.98%)
WTL 1.45 No Change ▼ 0.00 (0%)
YOUW 4.94 Increased By ▲ 0.19 (4%)
BR100 4,160 Increased By 76.4 (1.87%)
BR30 15,387 Increased By 402.4 (2.69%)
KSE100 41,879 Increased By 826.8 (2.01%)
KSE30 16,009 Increased By 346.4 (2.21%)

Copper

Eighth weekly gain takes copper back to pre-COVID prices

Eighth weekly gain takes copper back to pre-COVID prices

  • Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $6,324 a tonne.
  • It was up 5% this week after Thursday's rise to $6,360, the highest since May 2019 and up from a low of $4,371 in March.
Published 10 Jul, 2020 05:26pm
Copper punches towards January peak, boosted by Chile fears
Markets

Copper punches towards January peak, boosted by Chile fears

  • Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March.
  • Momentum is really quite astonishing right now. Copper is within striking distance of hitting the January high and that is probably acting as a magnet to the market.
Published 08 Jul, 2020 06:26pm
Copper rallies as supply risk grows in top miner Chile
Markets

Copper rallies as supply risk grows in top miner Chile

  • "Lockdowns are easing in many economies and that should drive up demand," said WisdomTree analyst Nitesh Shah.
  • BHP Group said it would ramp down activity at its Cerro Colorado copper mine in Chile. The mine produced 71,700 tonnes of copper in 2019.
Published 02 Jul, 2020 06:37pm
Copper struts to best quarter in a decade as China rebounds
Markets

Copper struts to best quarter in a decade as China rebounds

  • Benchmark copper on the London Metal Exchange (LME) was up 1.4% at $6,043.50 a tonne in official trading.
  • A close above $6,000 could fuel further buying, but supply and demand fundamentals justify a level around $5,500 and prices will eventually fall.
Published 30 Jun, 2020 06:17pm
Copper gains as Trump, European PMIs bolster demand outlook
Markets

Copper gains as Trump, European PMIs bolster demand outlook

  • Benchmark copper on the London Metal Exchange was up 0.4% at $5,906 a tonne at 1050 GMT, nearing a five-month high of $5,928 reached earlier in June.
  • Powering that rise is an almost total recovery of demand in top consumer China and increasing supply
Published 23 Jun, 2020 05:53pm
Copper strengthens on China stimulus plans
Markets

Copper strengthens on China stimulus plans

  • We have had an almighty rally in copper and we don't have to look further than the monetary stimulus from central banks for a reason.
  • China's central bank said it would maintain ample financial system liquidity in the second half of the year as the wo
Published 18 Jun, 2020 11:22pm
Copper touches 11-week high on China recovery
Markets

Copper touches 11-week high on China recovery

  • Sales of vehicles, a key demand driver for metals, in China are estimated to have risen 11.7pc on the year in May, while the Chinese city of Wuhan found no new cases of COVID-19.
  • Three-month copper on the London Metal Exchange (LME) was up 0.8pc a
Published 02 Jun, 2020 07:57pm
Copper up on improving demand prospects
Business & Finance

Copper up on improving demand prospects

  • Benchmark copper on the London Metal Exchange was up 0.7pc at $5,415 a tonne at 0853 GMT.
  • Prices of the metal used widely in the power and construction industries earlier touched $5,457.50 a tonne, close to the 10-week high of $5,464 seen on May 21.
Published 01 Jun, 2020 07:40pm