Copper prices retreat from one-month high on dollar strength
7 hours, 37 minutes ago

Copper prices retreat from one-month high on dollar strength

Live Mint  

By Violet Li SHANGHAI, Jan 15 - Most base metals declined on Wednesday, weighed down by a strong U.S. dollar, which led copper prices to pull back from their one-month high. The dollar slowed its rally on Wednesday, as traders turned cautious ahead of the highly anticipated U.S. consumer inflation report, set to be released later in the day, prompting hesitation in taking on new positions. LME aluminium rose 0.3% to $2,568 a ton, tin fell at $29,650, nickel slipped 0.6% to $15,865, lead slid 0.5% to $1,955 and zinc lost 0.2% to $2,855. SHFE aluminium slid 0.7% to 20,145 yuan a ton, nickel was down 0.2% to 127,600 yuan, zinc fell 0.7% to 24,010 yuan, lead gained 0.5% to 16,565 yuan and tin shed 0.7% to 246,770 yuan.

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History of this topic

Copper edges higher on fund buying, but tariff worries cap gains
6 days, 22 hours ago

Copper edges higher on fund buying, but tariff worries cap gains

Live Mint  

By Eric Onstad LONDON, Jan 8 - Copper prices made modest gains on Wednesday as some funds dipped into the market, but uncertainty about potential tariffs on the world's biggest metals consumer China kept the rise in check. Three-month copper on the London Metal Exchange was up 0.2% at $9,019 per metric ton by 1100 GMT, holding above the $8,757 …

Yuan eases to 16-month low, pressured by strong dollar
1 week ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China …

Strong dollar keeps metals’ gains in check
1 week, 5 days ago

Strong dollar keeps metals’ gains in check

Live Mint  

By Violet Li and Mei Mei Chu SHANGHAI, Jan 3 - Most base metals edged up within tight ranges on Friday, influenced by mixed macroeconomic data from China and the United States, but gains were limited by a stronger U.S. dollar. The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.3% to 73,070 yuan a ton. LME aluminium …

Copper holds near five-month low as weak demand outlook dominates
1 week, 5 days ago

Copper holds near five-month low as weak demand outlook dominates

Live Mint  

By Pratima Desai LONDON, Jan 2 - Copper prices hovered around five-month lows as expectations of a deteriorating demand outlook were reinforced by weak manufacturing activity around the world, offsetting support from a weaker dollar. Benchmark copper on the London Metal Exchange was up 0.1% at $8,775 a metric ton by 1107 GMT, having touched $8,757 on Tuesday for its …

Copper eases but heads for second straight yearly rise
2 weeks ago

Copper eases but heads for second straight yearly rise

Live Mint  

By Ashitha Shivaprasad Dec 31 - Copper prices eased on Tuesday but were on track for a second consecutive yearly gain, while the red metal's outlook for next year hinges on China's economic recovery and Donald Trump's policies. Three-month copper on the London Metal Exchange fell 0.4% at $8,872.50 per metric ton by 1010 GMT but gained 3.7% for the …

Base metals mixed, copper supported by tight supply
2 weeks, 5 days ago

Base metals mixed, copper supported by tight supply

Live Mint  

By Violet Li and Mei Mei Chu SHANGHAI, Dec 27 - Base metal prices were mixed on Friday, moving within tight ranges with the strong dollar limiting gains, although copper found support from supply tightness in copper concentrate. The three-month copper on the London Metal Exchange rose 0.4% to $8,990 per metric ton by 0140 GMT. China's top copper smelters …

Copper prices edge up in thinning trade after last week’s tumble
3 weeks, 1 day 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 …

Copper little changed but on track for weekly loss
1 month 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 …

Copper dips on firmer dollar, demand outlook worry on Trump’s tariff threat
1 month, 2 weeks 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
1 month, 2 weeks 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% …

Most base metals fall on firmer dollar, risk-off sentiment
1 month, 3 weeks ago

Most base metals fall on firmer dollar, risk-off sentiment

Live Mint  

Nov 22 - Base metal prices mostly traded lower on Friday, pressured by a stronger dollar and risk-averse sentiment due to the escalating conflict in the Ukraine-Russia war. Three-month copper on the London Metal Exchange eased 0.1% to $8,999 per metric ton by 0334 GMT, while the most-traded December copper contract on the Shanghai Futures Exchange fell 0.9% to 73,800 …

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs
2 months ago

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs

Hindustan Times  

SHANGHAI, - China's yuan skidded to a 3-1/2-month low against the dollar on Tuesday, hurt by broad strength in the U.S. currency and persistent market worries over higher tariffs on Chinese goods during Donald Trump's second presidency. During Trump's first presidency, the yuan weakened about 5% against the dollar in the initial round of U.S. tariffs on Chinese goods in …

Copper Extends Slide on Soft Chinese Demand and Stronger Dollar
6 months, 2 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
8 months, 2 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 …

Dollar edged up from eight-month lows and gold remains stable
1 year, 11 months ago

Dollar edged up from eight-month lows and gold remains stable

India TV News  

Gold futures opened at Rs.56875.00 per 10 grams, on the Multi Commodity Exchange. BUDGET 2023: FULL COVERAGE The gold market is off to a strong start in 2023, with prices nearing a nine-month high after a five-week rally. Despite a 5% increase in gold prices this year, data from SPDR Gold Shares, the world's largest gold-backed ETF, shows that demand …

Why the mayhem in metal prices doesn’t foretell much
2 years, 5 months ago

Why the mayhem in metal prices doesn’t foretell much

Live Mint  

Life’s but a walking shadow, a poor player That struts and frets his hour upon the stage And then is heard no more: it is a tale Told by an idiot, full of sound and fury, Signifying nothing. The metal price declines since then may be explained by five factors: 1) As central banks around the world have woken up …

Cryptocurrency price latest: Bitcoin falls below $40,000
2 years, 10 months ago

Cryptocurrency price latest: Bitcoin falls below $40,000

India Today  

Bitcoin's price fell below the $40,000-mark and the global cryptocurrency market was trading in the red amid ongoing uncertainty about inflation and international oil prices due to the ongoing Russia-Ukraine war. BITCOIN, ETHER FALL Bitcoin was trading over five per cent down at $39,269.96. The world's second largest cryptocurrency, Ethereum, fell by over four per cent at $2,596.80. CRYPTO MARKET …

Heavy metal: Aluminum hits record, nickel jumps to 11-year high
2 years, 10 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, 8 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 …

Gold prices hit six-year high on softer dollar; US-Iran friction drives investors towards safe-haven bullion
5 years, 6 months ago

Gold prices hit six-year high on softer dollar; US-Iran friction drives investors towards safe-haven bullion

Firstpost  

Gold prices climbed more than 1 percent on Tuesday to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve, while simmering U.S.-Iran tensions drove investors towards the safe-haven bullion Gold prices climbed more than 1 percent on Tuesday to their highest in six years as the dollar weakened on prospects of …

Copper edges up on China data, lower stockpiles
5 years, 9 months ago

Copper edges up on China data, lower stockpiles

Live Mint  

Singapore: Copper prices advanced on Monday, after data from China showed higher unwrought copper imports in March, while declining inventories, concerns over a supply deficit and hopes of a resolution to the US-China trade row also lent support. China imported 391,000 tonnes of unwrought copper last month, up 25.7% from the previous month and 26.5% higher than a year earlier, …

Copper muted on US-Europe trade tension, IMF forecast cut
5 years, 9 months ago

Copper muted on US-Europe trade tension, IMF forecast cut

Live Mint  

Singapore: London copper was almost unchanged on Wednesday, as prices were capped as the International Monetary Fund cut its global growth forecast and the trade tension between the United States and Europe seem to be growing. The IMF cut its forecast for world economic growth this year to 3.3% from 3.5% previously, citing the US-China trade war and a potentially …

Copper near 8-month high on deferred US tariff hikes
5 years, 10 months ago

Copper near 8-month high on deferred US tariff hikes

Live Mint  

London: Copper prices jumped to their highest in nearly eight months on Monday, after US President Donald Trump said he would delay an increase in tariffs on Chinese goods and as inventories of the metal slid. Benchmark copper on the London Metal Exchange added 0.5% to $6,504 per tonne by 1205 GMT, its highest since 4 July. "For copper, it's …

Gold prices at two-week high as dollar weakens on Sino-US trade deal hopes; palladium peaks
5 years, 10 months ago

Gold prices at two-week high as dollar weakens on Sino-US trade deal hopes; palladium peaks

Firstpost  

Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high. Spot gold had gained 0.3 percent to $1,324.80 per ounce, just below a 9-month peak of $1,326.30 an ounce marked on 31 January. Spot …

Aluminium slips as near-term supply pinch expected to ease
5 years, 11 months ago

Aluminium slips as near-term supply pinch expected to ease

Live Mint  

Melbourne/Beijing: London aluminium prices slipped on Thursday from near one-month highs hit in the previous session on expectations that a period of tight supply will soon come to an end. Cancelled aluminium warrants, or metal earmarked for removal from London Metal Exchange warehouses, have surged in the past 10 days to nearly 400,000 tonnes from 235,000 tonnes in the middle …

Gold climbs to six-month peak on global growth concerns, govt shutdown in US; silver, platinum rise too
6 years ago

Gold climbs to six-month peak on global growth concerns, govt shutdown in US; silver, platinum rise too

Firstpost  

Spot gold climbed 0.3 percent to $1,271.85 per ounce. Bengaluru: Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal. Investors are uneasy about global economical growth and are seeking gold as a safe-haven, said Yuichi Ikemizu, …

Gold pares losses from 19-month low as US dollar softens on reports of Beijing to hold talks with Washington
6 years, 4 months ago

Gold pares losses from 19-month low as US dollar softens on reports of Beijing to hold talks with Washington

Firstpost  

Spot gold was down 0.2 percent at $1,172.48 an ounce as of 0426 GMT, after earlier falling as much as 1.2 percent to $1,159.96, its lowest since January 2017. Bengaluru: Gold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short covering and a softer US …

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