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LME copper

Copper prices slip as China cools growth and credit plans
Markets

Copper prices slip as China cools growth and credit plans

  • "The trigger for lower prices came from the latest communication from the Chinese government," said Gianclaudio Torlizzi at consultancy T-Commodity.
  • Three-month copper on the London Metal Exchange (LME) droped by 1.4% to $8,877 a tonne in offical trading, erasing the previous session's 1.1% gain.
Published 09 Mar, 2021 08:49pm
Copper rises on US stimulus and higher Chinese imports
Markets

Copper rises on US stimulus and higher Chinese imports

  • China, which accounts for about half of all metals demand, imported 4.7% more copper in January-February despite a recent spike in prices while exports grew at a record pace.
  • Benchmark three-month copper on the London Metal Exchange (LME) rose 0.5% to $8,851 a tonne.
Published 08 Mar, 2021 06:24pm
Nickel firms but remains set for biggest weekly loss since 2011
Markets

Nickel firms but remains set for biggest weekly loss since 2011

  • The metal is mainly used in stainless steel, but demand for battery grade nickel for electric vehicles is expected to boom in as the world moves towards a lower-carbon economy.
  • Benchmark three-month nickel edged up 1.5% to $16,379 a tonne in official trading but was still on track for a weekly loss of about 11%, its biggest since September 2011.
Published 05 Mar, 2021 09:15pm
Nickel collapse triggers slide across industrial metals
Markets

Nickel collapse triggers slide across industrial metals

  • Benchmark copper on the London Metal Exchange (LME), which hit a 10-year high of $9,617 a tonne last week, was on track for its worst day since October as it lost 4.2% to $8,720.
  • Nickel, meanwhile, tumbled for a second day. Having reached a seven-year high of $20,110 last week, it traded at $16,175 a tonne, down 7.1% and set for its biggest one-day loss since 2016.
Updated 04 Mar, 2021 09:51pm
Copper's rally may be back on as prices steady above $9,000
Markets

Copper's rally may be back on as prices steady above $9,000

  • Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $9,150 a tonne.
  • On the Shanghai Futures Exchange (ShFE), speculators' net long reached 57.9% of open contracts on Friday, the most since 2003, before falling to 51.8% on Monday, Marex said.
Published 02 Mar, 2021 06:09pm
Copper leaps to 9-year high
Markets

Copper leaps to 9-year high

LONDON: Copper rose to its highest since April 2012 on Thursday as Chinese investors returning from a week-long...
Published 19 Feb, 2021 04:07am
Copper hovers near eight-year high as Chinese holiday starts
Markets

Copper hovers near eight-year high as Chinese holiday starts

  • The start of the Chinese holiday kept trading activity low, with benchmark copper on the London Metal Exchange (LME) flat at $8,299 a tonne.
  • The more the price moves up in the very short term the bigger the fall will be in the second half of this year.
Published 11 Feb, 2021 05:20pm
LME adds Grafton to its list of approved warehouse firms
Markets

LME adds Grafton to its list of approved warehouse firms

  • The last warehouse company to be approved by the LME was Edgemere Terminals in August 2018, the LME said.
  • LME-registered warehouses also issue LME warrants, or title documents, through their London agents for material delivered into their approved warehouses.
Published 26 Jan, 2021 08:31pm