The price of copper fell by more than one percent yesterday. It was the third straight day of declines, with prices under pressure as the market rose to a two-year high on speculation, while physical demand in China remains weak. Copper fell to 843.35, retreating from a two-year high of
Copper price continued its sudden rise for the fifth day in a row. Prices rose to their highest level since last March as the dollar weakened as signs of weaker inflation boosted interest rates. Data compiled by the ISM showed that service provider prices rose by the least in four
Copper futures rose more than half a percent yesterday. Prices are again nearing their highest levels in nearly a month, as stronger-than-expected economic data from China eased concerns about weakening growing demand from the world’s biggest consumer. Both China’s official indices and the Caixin PMI showed growth. in factory activity
Recent news surrounding copper indicates a mix of challenges and opportunities in the market. Copper prices are influenced by various factors like supply, demand, and global economic conditions. The outlook for copper in 2024 remains neutral due to oversupply projections for other base metals, while copper itself faces a refined
Copper price managed to recover from the weekly base affected in the morning session. Prices were under some pressure as investors awaited more information on plans by Chinese smelters to cut output Three-month copper HG1! on the London Metal Exchange (LME) was down 0.1% at $8,853.5 a metric ton as
Copper prices rose to an 11-month high on Monday as supply concerns from China’s output cuts outweighed consumer consensus industrial production data and a weaker dollar spurred buying . A rare agreement by China’s copper smelters to cut output last week is fuelling a rally that has propelled copper prices
The price of copper continued to rise to its highest level in nearly three years on Thursday. Expectations of a supply cut accelerated as Chinese producers agreed to cut production, while London copper prices fell to a steady US dollar. The red metal rallied sharply this week after China’s biggest
Copper prices recently stalled and managed to recover more than four per cent. It was the biggest weekly gain in eleven months. Hindus were strongly supported by falling stocks and support from China’s largest economy. Three months of copper on the London Metal Exchange HG1! grew 2.1% to $8,488 per
Copper Future fell more than two and a half percent last week. It was the biggest weekly drop since June 19, 2023. Prices hit their lowest level in nearly three months, falling more than 5% since the start of the month on a strong US dollar and pessimistic industrial sentiment
Copper prices dropped towards a two-week low on Monday as the dollar climbed, and pessimism about demand in top consumer China was reinforced by a renewed focus on the country’s troubled property sector. A stronger US currency makes dollar-denominated industrial metals such as copper more expensive for holders of other
