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Oct 12, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

global copper producer

Copper slides after decline in Chinese imports

Copper slides after decline in Chinese imports

  • Benchmark copper on the London Metal Exchange (LME) was little changed at at $9,420 a tonne.
  • "China's trade overall looked good, but its copper imports are a negative."
Updated 13 Jul, 2021 09:35pm
Copper eases as dollar firms on US inflation fears
Markets

Copper eases as dollar firms on US inflation fears

  • Three-month copper on the London Metal Exchange was down 0.3% at $9,383.50 a tonne.
  • This morning, there is a marked lack of interest in the Asian session with all the drifting lower on thin volumes as yet again the physical buyers shy away from these prices.
Published 28 Jun, 2021 11:21am
Copper hits 7-week low as China to sell strategic stockpiles
Markets

Copper hits 7-week low as China to sell strategic stockpiles

  • No doubt that Chinese efforts to curb prices is playing out and having a negative impact on otherwise bullish price sentiment. It highlights a market that has lost momentum.
  • Three-month copper on the LME slipped 0.3% to $9,538 a tonne in official trading after earlier touching its lowest since April 23 and slumping by 4% on Tuesday.
Published 16 Jun, 2021 06:15pm
Copper trades flat in thin holiday trade
Markets

Copper trades flat in thin holiday trade

  • Three-month copper on the London Metal Exchange was almost flat at $10,007 a tonne.
  • Workers at BHP Group's Spence copper mine in top producer Chile said last week they had reached a new contract deal with the company, avoiding a strike.
Published 14 Jun, 2021 06:23pm
Copper falls as market frets about demand, China curbs
Markets

Copper falls as market frets about demand, China curbs

  • Benchmark copper on the London Metal Exchange was down 0.4% at $9,960 a tonne.
  • Prices of the metal, often used as a gauge of manufacturing activity, are down nearly 8% since hitting a record high of $10,747.50 a tonne in May.
Published 14 Jun, 2021 05:12pm
Copper edges lower on China demand concerns
Markets

Copper edges lower on China demand concerns

  • Three-month copper on the London Metal Exchange slipped 0.2% to $10,201 a tonne.
  • Torlizzi expected copper prices to correct lower during the summer, when bullish investors would start buying again. He targeted $8,000 as an attractive level to re-enter the market.
Published 28 May, 2021 08:41pm
Copper prices resume climb towards $10,000
Markets

Copper prices resume climb towards $10,000

  • Benchmark three-month copper on the London Metal Exchange (LME) had risen 1.2% to $9,939.50 per tonne.
  • "Over the next few years we are likely to see copper demand increase and that will support prices."
Published 04 May, 2021 05:20pm
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
First deliveries on China's bonded copper futures total 6,225 tonnes
Markets

First deliveries on China's bonded copper futures total 6,225 tonnes

  • The front-month contract, for delivery in March, expired on March 15 and those who sold copper on it then had five trading days to fulfil the obligation to hand over metal to buyers.
  • "At this point, the international copper futures business processes have all gone through and various rules have withstood the test of the market," the INE said.
Published 22 Mar, 2021 05:30pm
Global copper smelting edges lower in February due to Chinese holiday
Markets

Global copper smelting edges lower in February due to Chinese holiday

  • The large decline in Chinese smelter activity was well anticipated due to the holiday period and should recover fairly quickly.
  • If the improvements seen in most regions continue through March, combined with a resumption in Chinese activity, the next month could be the first time in many months where activity level trends are aligned across all major regions.
Published 03 Mar, 2021 05:57pm