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May 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

LME copper

LME official prices

LME official prices

LONDON: The following were Tuesday official prices....
Published 06 May, 2021 03:49am
Copper hits 10-year high, eyes record levels on demand hopes
Markets

Copper hits 10-year high, eyes record levels on demand hopes

  • Benchmark three-month copper on the London Metal Exchange (LME) was up 0.4% at $10,007 a tonne after touching $10,040 in early trade.
  • "There's a lot of macro forces aligned that (are) together pushing (up) the whole commodities sector," said ING analyst Wenyu Yao.
Published 05 May, 2021 05:49pm
Copper prices resume climb towards $10,000/t
Markets

Copper prices resume climb towards $10,000/t

  • Benchmark three-month copper on the London Metal Exchange (LME) had risen 1.4% to $9,958.50 per tonne in official trades. On Thursday, prices hit $10,008 a tonne which was the highest since Feb. 2011.
  • "It's a tremendously positive story for copper at the moment and in the long term," said WisdomTree analyst Nitesh Shah, adding that the metal will likely pierce through the $10,000 mark again.
Published 04 May, 2021 07:46pm
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
LME to announce open outcry ring decision in early June
Markets

LME to announce open outcry ring decision in early June

  • The exchange, the world's oldest and largest market for industrial metals, announced a proposal in January to move to full electronic trading and held a consultation.
  • "The LME received an unprecedented volume of feedback ... with 192 individual responses," it said.
Published 30 Apr, 2021 06:23pm
Copper edges towards $10,000 ahead of holiday in China
Markets

Copper edges towards $10,000 ahead of holiday in China

  • Benchmark copper on the London Metal Exchange was up 0.1% at $9,895 a tonne.
  • Copper prices dipped initially on Friday, but then joined gains in other risky assets such as world stocks, which held near record highs, lifted by strong US data and the Federal Reserve's vow to support the economy.
Published 30 Apr, 2021 05:32pm
Copper stabs close to $10,000/T level on Fed stimulus pledge
Markets

Copper stabs close to $10,000/T level on Fed stimulus pledge

  • Three-month copper on the London Metal Exchange gained 1.1% to $9,983 a tonne in official trading, having risen to as high as $9,999.50 a tonne earlier in the session.
  • The last time copper rose above $10,000 was in February 2011, when it touched an all-time record of $10,190.
Published 29 Apr, 2021 05:22pm
Copper climbs towards record as market frets about supply
Markets

Copper climbs towards record as market frets about supply

  • Benchmark copper on the London Metal Exchange traded up 1.5% at $9,894 a tonne in official rings, a gain of 27% this year.
  • "Chilean port workers called a strike over pension-related issues. They are being supported by the mining unions. There is no indication of supply disruptions, but copper prices have rallied," said Julius Baer analyst Carsten Menke.
Published 27 Apr, 2021 06:43pm
Copper hits 10-year peak on supply concerns and inventories
Markets

Copper hits 10-year peak on supply concerns and inventories

  • Benchmark copper on the London Metal Exchange (LME) traded 1.9% up at $9,730 a tonne in official rings. Prices of the industrial metal earlier hit $9,750 a tonne, its highest since August 2011.
  • The Chile news helped, but there was already a lot of momentum based on a few things, including stocks and the dollar.
Published 26 Apr, 2021 08:35pm
Copper hits 10-year peak on supply worries, falling stocks
Markets

Copper hits 10-year peak on supply worries, falling stocks

  • Benchmark copper on the London Metal Exchange was up 1.9% at $9,736 a tonne at 1140 GMT. Prices of the industrial metal earlier hit $9,750 a tonne, the highest since August 2011.
  • Stocks of copper in LME registered warehouses at 155,100 tonnes have fallen about 10% over the past couple of weeks.
Published 26 Apr, 2021 05:23pm
Copper edges higher on expected demand from climate push
Markets

Copper edges higher on expected demand from climate push

  • Three-month copper on the London Metal Exchange was up 0.1% at $9,455.50 a tonne by 1010 GMT, recovering after touching an intraday low of $9,385.
  • "Days like today when there is no major news flow, some people are saying copper and aluminium are both looking quite pricey, so why not take some profits out of this stellar run that we've had," he said.
Published 22 Apr, 2021 05:30pm
Bullish sentiment propels copper to six-week high
Markets

Bullish sentiment propels copper to six-week high

  • Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
  • Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.
Published 15 Apr, 2021 08:21pm
Copper heads for weekly gain despite dip on China policy fears
Markets

Copper heads for weekly gain despite dip on China policy fears

  • Benchmark copper on the London Metal Exchange (LME) was down 0.3% at $8,984 a tonne by 1206 GMT but up about 2% for the week and on course for its first weekly rise in a month.
  • A barnstorming economic recovery in China and speculative buying pushed the metal used in power and construction to $9,617 in February, its highest in a decade, before prices stagnated.
Published 09 Apr, 2021 05:07pm