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London Metal Exchange

Copper under pressure

Copper under pressure

LONDON: Copper came under pressure on Thursday as weak manufacturing data from top consumer China and a stronger...
Published 02 Jul, 2021 04:19am
Copper rises as strike fears and Chinese data reassure bulls
Markets

Copper rises as strike fears and Chinese data reassure bulls

  • Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
  • Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.
Published 27 May, 2021 08:27pm
Copper prices up
Markets

Copper prices up

LONDON: Copper prices rose on Thursday as a softer dollar and worries about a strike in Chile spurred purchases, but...
Published 21 May, 2021 05:04am
Copper up on dollar, strike possibility in Chile
Markets

Copper up on dollar, strike possibility in Chile

  • "There's been some buying on the back of a lower dollar and the possibility of a strike at Escondida (copper mine in Chile)," a copper trader said. "But the rally does seem to have to run out of steam."
  • An overhaul of Chile's market-orientated constitution is underway and the country is debating whether to increase royalties on miners.
Published 20 May, 2021 06:05pm
Global copper smelting recovers in April as prices rally
Markets

Global copper smelting recovers in April as prices rally

  • The first half of April was still weak, but smelting activity increased throughout the rest of the month, satellite service SAVANT and broker Marex said in a joint statement on Wednesday.
  • "The platform now suggests we are seeing the effect of that price rally with a strong increase in smelter activity in the latter part of April."
Published 05 May, 2021 05:45pm
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
Markets

Copper dips

LONDON: Copper slipped on Thursday on worries about China capping commodities prices to curb inflation and as...
Published 23 Apr, 2021 05:12am
Copper rises on global economic recovery hopes
Markets

Copper rises on global economic recovery hopes

  • LME copper inventories fell for the second straight session, albeit only slightly, while the premium of cash copper over the three-month contract rose to $16 a tonne, indicating tightening nearby supplies.
Published 19 Apr, 2021 12:05pm
Copper prices slip
Markets

Copper prices slip

LONDON: Copper prices slipped on Monday on worries that top metals consumer China wants to put a lid on surging...
Published 13 Apr, 2021 04:31am
Copper climbs on supply concerns, lower dollar
Markets

Copper climbs on supply concerns, lower dollar

  • "Copper prices have settled around $9,000, not $8,000, which tells you the market is fairly tight," said Guy Wolf, global head of analytics at Marex.
  • "The outlook is very uncertain, the key thing is will vaccines stop the spread of the coronavirus. Once people believe the vaccine stops you infecting other people, things will start moving."
Published 08 Apr, 2021 05:51pm
Copper slips as inventories climb and China premiums dip
Markets

Copper slips as inventories climb and China premiums dip

  • Benchmark copper on the London Metal Exchange (LME) shed 0.8% to $8,974.50 a tonne in official trading. The metal touched its highest since March 23 at $9,104 in the previous session.
  • Copper inventories in LME-registered warehouses have since surged to 150,325 tonnes compared to 74,200 tonnes at the end of February.
Published 07 Apr, 2021 05:56pm