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Topic

global copper producer

Copper slides after decline in Chinese imports

Copper slides after decline in Chinese imports

Updated 13 Jul, 2021 09:35pm
  • 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."
Copper prices fall for fourth day on stronger dollar

Copper prices fall for fourth day on stronger dollar

Published 29 Jun, 2021 04:42pm
  • Three-month copper on the London Metal Exchange shed 1.5% to $9,246 per tonne.
  • Three-month aluminium on the London Metal Exchange rose 1.9% to $2,536 a tonne while lead rose 1.8% to $2,274.
Copper eases as dollar firms on US inflation fears

Copper eases as dollar firms on US inflation fears

Published 28 Jun, 2021 11:21am
  • 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.
Copper hits 7-week low as China to sell strategic stockpiles

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

Published 16 Jun, 2021 06:15pm
  • 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.
Copper trades flat in thin holiday trade

Copper trades flat in thin holiday trade

Published 14 Jun, 2021 06:23pm
  • 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.
Copper falls as market frets about demand, China curbs

Copper falls as market frets about demand, China curbs

Published 14 Jun, 2021 05:12pm
  • 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.
Copper edges lower on China demand concerns

Copper edges lower on China demand concerns

Published 28 May, 2021 08:41pm
  • 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.
Copper boosted by planned labour strikes at Chile mines

Copper boosted by planned labour strikes at Chile mines

Published 26 May, 2021 07:40pm
  • Benchmark copper on the London Metal Exchange (LME) were up 0.6% at $9,978.50 a tonne in official trading.
  • This comes after the Chinese government said it would crack down on the surging prices of industrial metals.
Copper prices resume climb towards $10,000

Copper prices resume climb towards $10,000

Published 04 May, 2021 05:20pm
  • 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."
Dollar, inventories weigh on copper prices

Dollar, inventories weigh on copper prices

Published 30 Mar, 2021 05:43pm
  • 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.
First deliveries on China's bonded copper futures total 6,225 tonnes

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

Published 22 Mar, 2021 05:30pm
  • 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.
Global copper smelting edges lower in February due to Chinese holiday

Global copper smelting edges lower in February due to Chinese holiday

Published 03 Mar, 2021 05:57pm
  • 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.
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