Copper futures gained over 0.5% on Tuesday after rising more than 2% in the previous session. The rally was fueled by a weaker US dollar, driven by reports suggesting a potentially softer stance on tariffs by the Trump administration. However, President-elect Trump later denied these claims, tempering market enthusiasm. A
Copper futures rose over one percent on Tuesday, rebounded from the one week low touched on December 20th, aided by a slight pullback from the dollar while markets assessed the outlook for Chinese industrial demand. Softer US PCE inflation in November aided hopes that the Fed may deliver more rate
Copper prices dropped to two-week lows on Tuesday as worries about demand in top consumer China, partly fuelled by uncertainty about U.S. tariffs on imports, and a stronger dollar weighed on sentiment. Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.9% at $8,978 a metric ton, having
Copper prices eased on Tuesday under pressure from a slowdown in China’s export growth and a stronger dollar while the market awaits more clues on China’s 2025 key targets. Three-month copper CMCU3 on the London Metal Exchange (LME) was down 0.1% at $9,218 a metric ton. The contract closed at
Copper prices edged lower on Tuesday after U.S. President Donald Trump revealed details of proposed tariffs on China, a top metals consumer. While the tariffs were less severe than expected, they still weighed on market sentiment. Three-month copper on the London Metal Exchange (LME) CMCU3 was down 0.3% at $9,019
Copper prices gained over half percent yesterday on a softer dollar as traders balanced their positions ahead of the outcome of the U.S. presidential election and on stimulus cues from top metals buyer China. Three-month copper on the London Metal Exchange (LME) CMCU3was up 0.3% to $9,724 per metric ton
Copper price retreated from a one-week high on Monday, pressured by data showing the global refined copper market had a 54,000 metric ton surplus in August, compared to a 73,000 metric ton surplus in July, according to the International Copper Study Group (ICSG) in its latest monthly bulletin. For the
Copper prices dropped over one and half percent on Monday, driven by uncertainty surrounding China’s stimulus plans, deflationary pressures in the world’s largest consumer, and a stronger dollar. Despite the downturn, higher Chinese imports of copper provided some support to the market. Benchmark copper on the London Metal Exchange (LME)
Copper prices dropped over two percent on Tuesday to their lowest in two weeks, after top metal consumer China failed to convince investors on how its stimulus would get the economy back on track. Three-month copper on the London Metal Exchange CMCU3 fell earlier to $9,700 per metric ton, the
Copper prices drifted higher on Wednesday, still basking in the glow of stimulus measures unleashed by top metals consumer China amid hopes that more support is on its way. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.4% to $10,023 per metric ton in official open-outcry trading. LME
