Copper prices edge up in thinning trade after last week’s tumble
2 days, 3 hours ago

Copper prices edge up in thinning trade after last week’s tumble

Live Mint  

By Polina Devitt LONDON, Dec 23 - Copper prices edged higher in London on Monday as they recovered to recent technical averages from last week's fall, although dwindling pre-Christmas liquidity kept them in a tight range. Adding further pressure, the International Copper Study Group said on Friday that the global refined copper market was in a 287,000 metric ton surplus for the first 10 months of 2024. Headwinds from the dollar may ease next year only to be replaced by the prospect of U.S. President-elect Donald Trump imposing import tariffs. China, the largest consumer of base metals, may offset this potential headwind through strong stimulus measures," said WisdomTree commodity strategist Nitesh Shah.

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History of this topic

Copper little changed but on track for weekly loss
1 week, 5 days ago

Copper little changed but on track for weekly loss

Live Mint  

NEW DELHI, Dec 13 - London copper prices were little changed on Friday and headed for weekly losses on the back of a stronger U.S. dollar and a lack of clarity around China's stimulus measures. "We highlight that the market is poised for a period of significant price volatility, with anticipated U.S. dollar strength and shifts in trade policies following …

Metal stocks tumble up to 5% amid lack of clear details on China’s stimulus plan
1 week, 5 days ago

Metal stocks tumble up to 5% amid lack of clear details on China’s stimulus plan

Live Mint  

Metal stocks came under significant selling pressure in Friday's trading session, December 13, following a lack of specific details from a key Chinese economic conference, which led to disappointment among investors. Despite these moves, economists caution that more direct fiscal stimulus targeting domestic consumption will be necessary to fully revitalize the economy, especially amid concerns over a potential escalation in …

Copper dips on firmer dollar, demand outlook worry on Trump’s tariff threat
3 weeks, 6 days ago

Copper dips on firmer dollar, demand outlook worry on Trump’s tariff threat

Live Mint  

Nov 28 - Copper prices eased on Thursday, weighed down by a firmer dollar and concerns over the potential U.S. tariffs on Chinese products that could hurt metals consumption. Three-month copper on the London Metal Exchange eased 0.2% to $9,000 per metric ton by 0408 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange dipped 0.2% to …

Base metals largely fall on firm dollar, Trump’s tariffs plan
4 weeks, 1 day ago

Base metals largely fall on firm dollar, Trump’s tariffs plan

Live Mint  

Nov 26 - Prices of base metals were largely down on Tuesday, weighed by a stronger dollar and U.S. President-elect Donald Trump's pledge to levy more tariffs on Chinese products. Three-month copper on the London Metal Exchange fell 0.5% to $9,000 per metric ton by 0216 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange eased 0.2% …

Copper Extends Slide on Soft Chinese Demand and Stronger Dollar
5 months, 4 weeks ago

Copper Extends Slide on Soft Chinese Demand and Stronger Dollar

Live Mint  

-- Copper extended losses with the dollar strengthening and prices facing sustained pressure from weak Chinese demand. Soft market conditions in top consumer China have handed copper’s more bullish investors a reality check, and prices have continued to decline even amid tentative signs of a demand recovery. “The sharp rise of the copper price in May undermined downstream demand, leading …

Copper breaks above $10,000 for the first time in two years
7 months, 4 weeks ago

Copper breaks above $10,000 for the first time in two years

Hindustan Times  

* Copper breaks above $10,000 for the first time in two years London copper prices break strong resistance at $10,000 * Shanghai copper hits record high * London zinc at one-year high, lead at highest in five months By Polina Devitt LONDON, - Copper prices in London hit a two-year high and surpassed a strong resistance level of $10,000 a …

Copper market to face a tough period due to supply cuts
1 year ago

Copper market to face a tough period due to supply cuts

Live Mint  

-- A forecast surplus of copper going into 2024 has suddenly all but disappeared. Anglo has reduced its copper production target for next year by about 200,000 tons, essentially removing the equivalent of a large copper mine from global supply. Goldman Sachs Group Inc. — which has been much more bullish on copper and already forecast a deficit of refined …

Heavy metal: Aluminum hits record, nickel jumps to 11-year high
2 years, 9 months ago

Heavy metal: Aluminum hits record, nickel jumps to 11-year high

Al Jazeera  

Aluminum hit a record and nickel jumped to an 11-year high as traders brace for supply disruptions from Russia — a major producer of both metals — at a time when global stockpiles have already shrunk dramatically. Russia’s United Co. Rusal International PJSC is the biggest aluminum producer outside of China and MMC Norilsk Nickel PJSC accounts for about 10% …

Copper Jumps to Record High Today; 'New Oil', Says Analyst
3 years, 7 months ago

Copper Jumps to Record High Today; 'New Oil', Says Analyst

News 18  

Copper rose to an all-time high on Friday as the biggest economies showing signs of recovery from COVID-19 pandemic. On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by 1.8% at Rs 784.50 per kg at 5 pm. Bank of America commodity strategist Michael Widmer said, “Linked to that, we forecast copper market deficits, and further …

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